Hill City Capital LP Invests $47.48 Million in ATS Corporation $ATS

Hill City Capital LP bought a new stake in shares of ATS Corporation (NYSE:ATS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,649,857 shares of the company’s stock, valued at approximately $47,483,000. ATS accounts for about 1.2% of Hill City Capital LP’s portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cibc World Market Inc. purchased a new position in ATS in the 2nd quarter worth about $9,420,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ATS during the second quarter valued at about $31,371,000. Caldwell Investment Management Ltd. purchased a new stake in ATS during the second quarter valued at about $1,749,000. K.J. Harrison & Partners Inc purchased a new stake in ATS during the second quarter valued at about $2,877,000. Finally, Deutsche Bank AG acquired a new position in shares of ATS in the second quarter worth about $311,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Trading Up 0.1%

ATS stock opened at $19.76 on Monday. ATS Corporation has a 12 month low of $19.14 and a 12 month high of $35.82. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.94 billion, a P/E ratio of 58.12 and a beta of 1.22. The company’s fifty day simple moving average is $25.75 and its 200-day simple moving average is $29.15.

ATS (NYSE:ATS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). ATS had a return on equity of 8.96% and a net margin of 1.60%.The firm had revenue of $488.38 million for the quarter, compared to analysts’ expectations of $509.71 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. ATS’s revenue was down 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that ATS Corporation will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ATS shares. TD Securities downgraded shares of ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen downgraded shares of ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday. Zacks Research cut shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Finally, Desjardins started coverage on shares of ATS in a research report on Tuesday, June 16th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.50.

About ATS

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.