1832 Asset Management L.P. Boosts Stake in ATS Co. (NYSE:ATS)

1832 Asset Management L.P. raised its holdings in ATS Co. (NYSE:ATS) by 90.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 439,400 shares of the company’s stock after purchasing an additional 208,200 shares during the quarter. 1832 Asset Management L.P. owned 0.44% of ATS worth $14,817,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in ATS by 55.0% during the 4th quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock worth $33,000 after purchasing an additional 271 shares during the period. Bessemer Group Inc. boosted its position in shares of ATS by 37.7% during the 1st quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock worth $140,000 after acquiring an additional 1,140 shares in the last quarter. Steph & Co. boosted its position in shares of ATS by 133.6% during the 1st quarter. Steph & Co. now owns 6,215 shares of the company’s stock worth $210,000 after acquiring an additional 3,554 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of ATS during the 4th quarter worth about $315,000. Finally, Brown Advisory Inc. boosted its position in shares of ATS by 41.3% during the 4th quarter. Brown Advisory Inc. now owns 10,634 shares of the company’s stock worth $458,000 after acquiring an additional 3,110 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Analyst Ratings Changes

ATS has been the subject of several analyst reports. Scotiabank raised ATS to a “hold” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. lowered their price objective on ATS from $43.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. One equities research 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. Based on data from MarketBeat.com, ATS currently has an average rating of “Hold” and an average target price of $45.67.

ATS Stock Performance

Shares of NYSE ATS traded up $0.10 during trading hours on Friday, reaching $30.42. The stock had a trading volume of 35,779 shares, compared to its average volume of 49,238. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 20.84 and a beta of 1.16. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 0.75. ATS Co. has a fifty-two week low of $29.78 and a fifty-two week high of $45.97. The firm has a 50-day moving average of $32.09 and a 200-day moving average of $35.18.

ATS (NYSE:ATS) last announced its earnings results on Thursday, May 16th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The firm had revenue of $587.12 million during the quarter, compared to analysts’ expectations of $534.08 million. ATS had a return on equity of 15.97% and a net margin of 6.39%. Equities research analysts predict that ATS Co. will post 1.75 earnings per share for the current year.

ATS 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.