ATS (NYSE:ATS) Stock Price Down 3.1%

ATS Co. (NYSE:ATS) dropped 3.1% during trading on Tuesday . The stock traded as low as $35.41 and last traded at $35.70. Approximately 13,008 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 61,328 shares. The stock had previously closed at $36.85.

Wall Street Analyst Weigh In

ATS has been the subject of several recent analyst reports. TheStreet upgraded shares of ATS from a “c+” rating to a “b” rating in a research note on Monday, December 11th. The Goldman Sachs Group started coverage on shares of ATS in a report on Tuesday. They set a “sell” rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on shares of ATS in a report on Wednesday, December 20th. They set a “neutral” rating and a $45.00 target price for the company.

ATS Trading Up 1.6 %

The firm has a market capitalization of $3.54 billion and a PE ratio of 26.69. The company has a quick ratio of 1.41, a current ratio of 1.70 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average price is $39.36 and its 200 day moving average price is $39.81.

ATS (NYSE:ATS) last released its earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). ATS had a net margin of 5.89% and a return on equity of 17.56%. The company had revenue of $552.45 million during the quarter, compared to analysts’ expectations of $536.95 million. As a group, analysts expect that ATS Co. will post 1.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alberta Investment Management Corp lifted its position in ATS by 2.8% during the third quarter. Alberta Investment Management Corp now owns 646,400 shares of the company’s stock valued at $27,682,000 after buying an additional 17,400 shares in the last quarter. FMR LLC lifted its position in ATS by 20.7% during the third quarter. FMR LLC now owns 5,371,545 shares of the company’s stock valued at $228,980,000 after buying an additional 919,932 shares in the last quarter. CIBC Asset Management Inc acquired a new position in ATS during the second quarter valued at approximately $18,340,000. Citigroup Inc. lifted its position in ATS by 5.4% during the third quarter. Citigroup Inc. now owns 8,193 shares of the company’s stock valued at $351,000 after buying an additional 420 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of ATS by 38.1% during the third quarter. Mackenzie Financial Corp now owns 1,617,505 shares of the company’s stock worth $64,684,000 after purchasing an additional 446,568 shares in the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

ATS Company Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.