National Bank of Canada FI Boosts Position in ATS Co. (NYSE:ATS)

National Bank of Canada FI grew its position in shares of ATS Co. (NYSE:ATS) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 367,925 shares of the company’s stock after purchasing an additional 10,380 shares during the period. National Bank of Canada FI’s holdings in ATS were worth $15,554,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Alberta Investment Management Corp increased its position in ATS by 2.8% during the 3rd 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. Vanguard Group Inc. lifted its stake in shares of ATS by 8.8% in the third quarter. Vanguard Group Inc. now owns 2,852,701 shares of the company’s stock worth $121,582,000 after buying an additional 229,765 shares in the last quarter. FMR LLC increased its holdings in shares of ATS by 20.7% in the 3rd quarter. FMR LLC now owns 5,371,545 shares of the company’s stock worth $228,980,000 after purchasing an additional 919,932 shares in the last quarter. Citigroup Inc. raised its holdings in shares of 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 purchasing an additional 420 shares during the last quarter. Finally, K.J. Harrison & Partners Inc boosted its holdings in ATS by 191.9% in the third quarter. K.J. Harrison & Partners Inc now owns 30,650 shares of the company’s stock worth $1,313,000 after purchasing an additional 20,150 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

ATS Trading Up 0.8 %

NYSE:ATS opened at $32.99 on Wednesday. The firm has a market capitalization of $3.26 billion and a price-to-earnings ratio of 24.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.70 and a quick ratio of 1.41. The business has a fifty day moving average price of $34.24 and a 200-day moving average price of $37.96. ATS Co. has a one year low of $29.78 and a one year high of $48.89.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.48 earnings per share 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 for the quarter, compared to analysts’ expectations of $536.95 million. Sell-side analysts forecast that ATS Co. will post 1.82 EPS for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on ATS in a research note on Tuesday, March 26th. They issued a “sell” rating and a $34.00 price target on the stock.

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.