Legal & General Group Plc Purchases Shares of 1,056,408 ATS Corporation $ATS

Legal & General Group Plc acquired a new position in ATS Corporation (NYSE:ATS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,056,408 shares of the company’s stock, valued at approximately $30,403,000. Legal & General Group Plc owned about 1.08% of ATS as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC bought a new position in ATS during the 4th quarter valued at $29,000. State of Wyoming bought a new position in shares of ATS during the second quarter valued at about $33,000. Quarry LP purchased a new position in ATS during the third quarter worth about $32,000. Raymond James Financial Inc. bought a new stake in ATS in the 2nd quarter worth about $43,000. Finally, Barclays PLC increased its stake in ATS by 16.8% in the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after buying an additional 756 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ATS has been the subject of several recent analyst reports. Weiss Ratings raised ATS from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Desjardins began coverage on ATS in a research report on Tuesday, June 16th. They set a “buy” rating for the company. TD Securities downgraded shares of ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Wall Street Zen downgraded shares of ATS from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Zacks Research cut shares of ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ATS presently has an average rating of “Hold” and an average target price of $42.50.

ATS Stock Performance

NYSE ATS opened at $19.22 on Friday. The company’s 50 day simple moving average is $24.89 and its two-hundred day simple moving average is $28.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.33. ATS Corporation has a 1 year low of $18.88 and a 1 year high of $35.82. The stock has a market capitalization of $1.89 billion, a PE ratio of 56.53 and a beta of 1.22.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The firm had revenue of $488.38 million for the quarter, compared to analysts’ expectations of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Analysts predict that ATS Corporation will post 1.12 earnings per share for the current fiscal year.

ATS Company Profile

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.