ATS (NYSE:ATS) Upgraded by Scotiabank to Hold Rating

Scotiabank upgraded shares of ATS (NYSE:ATS) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

ATS Stock Down 1.3 %

ATS stock opened at $25.19 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. The firm’s fifty day simple moving average is $26.04 and its 200-day simple moving average is $28.38. ATS has a 12 month low of $20.90 and a 12 month high of $35.42. The company has a market capitalization of $2.47 billion, a P/E ratio of 38.17 and a beta of 1.10.

ATS (NYSE:ATS) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. As a group, equities research analysts forecast that ATS will post 1.02 earnings per share for the current year.

Institutional Trading of ATS

Several hedge funds have recently modified their holdings of ATS. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of ATS by 94.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock valued at $54,000 after acquiring an additional 860 shares during the last quarter. Tower Research Capital LLC TRC raised its position in ATS by 561.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company’s stock worth $66,000 after buying an additional 1,843 shares during the last quarter. Steph & Co. lifted its position in ATS by 223.6% in the first quarter. Steph & Co. now owns 5,317 shares of the company’s stock valued at $133,000 after purchasing an additional 3,674 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in ATS by 7.9% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company’s stock worth $199,000 after acquiring an additional 478 shares during the period. Finally, Cidel Asset Management Inc. increased its holdings in shares of ATS by 8.5% in the 1st quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company’s stock valued at $207,000 after purchasing an additional 650 shares in the last quarter. 75.84% of the stock is currently 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.