ATS (NYSE:ATS) Lifted to Hold at Scotiabank

Scotiabank upgraded shares of ATS (NYSE:ATSFree Report) to a hold rating in a research note released on Friday morning, Zacks.com reports.

Separately, The Goldman Sachs Group began coverage on shares of ATS in a report on Tuesday, March 26th. They issued a sell rating and a $34.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, ATS has a consensus rating of Hold and an average target price of $48.00.

Check Out Our Latest Analysis on ATS

ATS Stock Performance

ATS stock opened at $34.49 on Friday. The firm has a 50 day simple moving average of $33.60 and a 200-day simple moving average of $37.92. ATS has a 1-year low of $29.78 and a 1-year high of $48.89. 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 stock has a market cap of $3.41 billion and a price-to-earnings ratio of 23.68.

ATS (NYSE:ATSGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. ATS had a net margin of 6.39% and a return on equity of 16.25%. The business had revenue of $587.12 million during the quarter, compared to analysts’ expectations of $534.08 million. On average, analysts expect that ATS will post 1.83 EPS for the current year.

Hedge Funds Weigh In On ATS

Several large investors have recently made changes to their positions in ATS. Capital International Investors lifted its holdings in ATS by 18.9% during the 1st quarter. Capital International Investors now owns 8,336,811 shares of the company’s stock worth $280,530,000 after buying an additional 1,325,247 shares in the last quarter. FMR LLC lifted its holdings in ATS by 20.7% during the 3rd quarter. FMR LLC now owns 5,371,545 shares of the company’s stock worth $228,980,000 after buying an additional 919,932 shares in the last quarter. Capital World Investors lifted its holdings in ATS by 2.4% during the 1st quarter. Capital World Investors now owns 4,578,084 shares of the company’s stock worth $154,050,000 after buying an additional 107,351 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings in ATS by 34.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 3,560,512 shares of the company’s stock worth $119,863,000 after buying an additional 909,149 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in ATS by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,916,009 shares of the company’s stock worth $98,328,000 after buying an additional 32,123 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

About ATS

(Get Free Report)

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.

Further Reading

Receive News & Ratings for ATS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATS and related companies with MarketBeat.com's FREE daily email newsletter.