Clearbridge Investments LLC Boosts Holdings in ATS Co. (NYSE:ATS)

Clearbridge Investments LLC increased its position in ATS Co. (NYSE:ATS) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,627,746 shares of the company’s stock after purchasing an additional 245,318 shares during the quarter. Clearbridge Investments LLC owned 1.66% of ATS worth $49,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ATS. Barclays PLC purchased a new position in ATS in the 3rd quarter valued at about $510,000. National Bank of Canada FI grew its stake in ATS by 29.0% during the 3rd quarter. National Bank of Canada FI now owns 418,651 shares of the company’s stock valued at $12,162,000 after purchasing an additional 94,158 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in ATS by 94.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock worth $54,000 after purchasing an additional 860 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of ATS in the 3rd quarter valued at approximately $722,000. Finally, abrdn plc boosted its stake in shares of ATS by 38.5% during the 4th quarter. abrdn plc now owns 13,267 shares of the company’s stock valued at $401,000 after buying an additional 3,685 shares during the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

ATS Stock Down 3.8 %

Shares of NYSE:ATS opened at $24.93 on Tuesday. The firm has a market cap of $2.44 billion, a PE ratio of 37.77 and a beta of 0.98. The company has a fifty day simple moving average of $27.92 and a 200 day simple moving average of $29.11. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. ATS Co. has a 12-month low of $24.82 and a 12-month high of $35.42.

ATS (NYSE:ATS) last released its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. On average, equities research analysts anticipate that ATS Co. will post 1.02 EPS for the current fiscal year.

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.