Montrusco Bolton Investments Inc. Has $7.43 Million Stock Position in ATS Corporation $ATS

Montrusco Bolton Investments Inc. lessened its stake in ATS Corporation (NYSE:ATS) by 11.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,781 shares of the company’s stock after selling 35,000 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.29% of ATS worth $7,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. bought a new position in ATS in the 2nd quarter valued at $43,000. State of Wyoming bought a new stake in ATS during the 3rd quarter worth about $112,000. SkyView Investment Advisors LLC acquired a new position in ATS during the 2nd quarter valued at about $237,000. Dynamic Technology Lab Private Ltd bought a new position in shares of ATS in the 2nd quarter valued at about $281,000. Finally, XTX Topco Ltd acquired a new stake in shares of ATS during the 2nd quarter worth approximately $349,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Securities restated a “buy” rating on shares of ATS in a report on Monday, January 26th. Zacks Research upgraded ATS from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Wall Street Zen cut ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. JPMorgan Chase & Co. increased their target price on ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Finally, Scotiabank restated an “outperform” rating on shares of ATS in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

ATS Trading Down 0.4%

NYSE ATS opened at $32.36 on Thursday. ATS Corporation has a one year low of $20.90 and a one year high of $33.01. 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 firm has a market cap of $3.17 billion, a P/E ratio of 215.77 and a beta of 1.21. The stock’s 50-day moving average is $29.56 and its 200-day moving average is $27.80.

ATS (NYSE:ATS) last posted its earnings results on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. ATS had a return on equity of 9.67% and a net margin of 0.77%.The business had revenue of $553.81 million during the quarter, compared to analysts’ expectations of $722.96 million. During the same period in the prior year, the business earned $0.32 EPS. ATS’s revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts anticipate that ATS Corporation will post 1.02 earnings per share 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.