ATS (NYSE:ATS) Upgraded at Scotiabank

Scotiabank upgraded shares of ATS (NYSE:ATS) from a sector perform rating to a sector outperform rating in a research note released on Wednesday morning, Marketbeat.com reports.

Several other research analysts have also recently commented on the stock. Zacks Research upgraded shares of ATS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

ATS Price Performance

Shares of NYSE:ATS opened at $26.87 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.84. ATS has a fifty-two week low of $20.90 and a fifty-two week high of $33.13. The firm has a 50-day simple moving average of $27.01 and a 200 day simple moving average of $28.27. The company has a market cap of $2.63 billion, a PE ratio of -2,684.32 and a beta of 1.25.

ATS (NYSE:ATS) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $524.03 million for the quarter, compared to analysts’ expectations of $721.51 million. ATS had a positive return on equity of 8.82% and a negative net margin of 0.08%.The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. ATS has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that ATS will post 1.02 EPS for the current year.

Hedge Funds Weigh In On ATS

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in ATS during the second quarter valued at approximately $43,000. State of Wyoming bought a new position in shares of ATS in the third quarter valued at $112,000. Northwest & Ethical Investments L.P. increased its holdings in shares of ATS by 27.7% in the first quarter. Northwest & Ethical Investments L.P. now owns 8,333 shares of the company’s stock valued at $208,000 after buying an additional 1,806 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of ATS during the 2nd quarter valued at $233,000. Finally, SkyView Investment Advisors LLC bought a new stake in shares of ATS during the 2nd quarter worth $237,000. Institutional investors and hedge funds own 75.84% of the company’s 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.