422,165 Shares in ATS Corporation $ATS Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new position in ATS Corporation (NYSE:ATS) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 422,165 shares of the company’s stock, valued at approximately $11,061,000.

Several other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of ATS during the 2nd quarter worth approximately $43,000. State of Wyoming acquired a new stake in ATS in the third quarter worth about $112,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of ATS in the 2nd quarter valued at approximately $233,000. SkyView Investment Advisors LLC purchased a new stake in ATS during the 2nd quarter worth approximately $237,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of ATS during the second quarter valued at $281,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 16th. TD Securities reaffirmed a “buy” rating on shares of ATS in a research note on Monday, January 26th. Finally, Zacks Research raised shares of ATS from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ATS currently has an average rating of “Moderate Buy” and an average target price of $35.00.

ATS Stock Down 0.9%

ATS stock opened at $31.35 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.65 and a quick ratio of 1.37. The stock has a market capitalization of $3.07 billion, a PE ratio of 208.99 and a beta of 1.21. The business has a 50 day simple moving average of $29.05 and a 200-day simple moving average of $27.71. ATS Corporation has a 12 month low of $20.90 and a 12 month high of $32.73.

ATS (NYSE:ATS) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $553.81 million for the quarter, compared to analysts’ expectations of $722.96 million. ATS had a net margin of 0.77% and a return on equity of 9.67%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. On average, analysts anticipate that ATS Corporation will post 1.02 EPS for the current fiscal year.

ATS 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.