105,203 Shares in ATS Corporation $ATS Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in shares of ATS Corporation (NYSE:ATS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 105,203 shares of the company’s stock, valued at approximately $3,028,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA lifted its position in ATS by 2.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 16,423 shares of the company’s stock worth $461,000 after buying an additional 417 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of ATS by 3.9% during the 4th quarter. Stifel Financial Corp now owns 12,593 shares of the company’s stock valued at $347,000 after acquiring an additional 467 shares in the last quarter. Barclays PLC increased its stake in shares of ATS by 16.8% in the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after acquiring an additional 756 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of ATS in the fourth quarter worth $29,000. Finally, State of Wyoming purchased a new stake in shares of ATS during the second quarter worth $33,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ATS shares. Desjardins assumed coverage on ATS in a research report on Tuesday, June 16th. They set a “buy” rating for the company. Wall Street Zen downgraded ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research lowered ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Finally, TD Securities downgraded ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.50.

ATS Trading Up 2.5%

ATS stock opened at $19.72 on Wednesday. ATS Corporation has a one year low of $19.05 and a one year high of $35.82. The company’s fifty day moving average price is $25.41 and its two-hundred day moving average price is $29.02. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.33. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 57.99 and a beta of 1.22.

ATS (NYSE:ATS) last released its quarterly earnings results 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). The company had revenue of $488.38 million for the quarter, compared to the consensus estimate of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%.The business’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. On average, analysts forecast that ATS Corporation will post 1.12 earnings per share for the current fiscal year.

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.