ATS (NYSE:ATS) Sees Unusually-High Trading Volume

ATS Co. (NYSE:ATS) shares saw strong trading volume on Tuesday . 225,161 shares were traded during trading, an increase of 130% from the previous session’s volume of 98,104 shares.The stock last traded at $26.00 and had previously closed at $26.26.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Scotiabank upgraded shares of ATS to a “hold” rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group lowered their price objective on shares of ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.00.

ATS Trading Up 0.3 %

The company has a current ratio of 1.79, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 17.99 and a beta of 1.18. The company has a fifty day moving average price of $29.18 and a 200-day moving average price of $32.00.

ATS (NYSE:ATS) last announced its earnings results on Thursday, August 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $507.43 million during the quarter, compared to the consensus estimate of $502.41 million. ATS had a return on equity of 14.63% and a net margin of 6.11%. On average, equities research analysts predict that ATS Co. will post 1.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATS. Van ECK Associates Corp lifted 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 buying an additional 271 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of ATS by 37.7% in the 1st quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock valued at $140,000 after buying an additional 1,140 shares during the period. Steph & Co. increased its position in shares of ATS by 133.6% in the 1st quarter. Steph & Co. now owns 6,215 shares of the company’s stock valued at $210,000 after buying an additional 3,554 shares in the last quarter. Aigen Investment Management LP acquired a new stake in ATS during the 4th quarter worth $315,000. Finally, Hantz Financial Services Inc. bought a new position in shares of ATS during the 2nd quarter valued at about $286,000. Institutional investors own 75.84% of the company’s stock.

About ATS

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.