ATS Corporation $ATS Position Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in ATS Corporation (NYSE:ATS) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,341,435 shares of the company’s stock after purchasing an additional 69,334 shares during the period. Vanguard Group Inc.’s holdings in ATS were worth $87,419,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ATS. Raymond James Financial Inc. bought a new stake in shares of ATS in the 2nd quarter worth $43,000. State of Wyoming bought a new position in ATS during the third quarter valued at about $112,000. SkyView Investment Advisors LLC acquired a new position in ATS during the second quarter worth about $237,000. Dynamic Technology Lab Private Ltd bought a new stake in ATS in the second quarter worth about $281,000. Finally, XTX Topco Ltd acquired a new stake in ATS in the 2nd quarter valued at about $349,000. 75.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ATS Stock Performance

Shares of ATS opened at $31.22 on Friday. The company has a 50-day moving average of $30.05 and a two-hundred day moving average of $27.96. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 208.15 and a beta of 1.10. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.65 and a quick ratio of 1.37. ATS Corporation has a one year low of $20.90 and a one year high of $33.01.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. ATS had a net margin of 0.77% and a return on equity of 9.67%. The firm had revenue of $553.81 million during the quarter, compared to analyst estimates of $722.96 million. During the same quarter last year, the business posted $0.32 EPS. The company’s revenue was up 16.7% on a year-over-year basis. On average, equities research analysts expect that ATS Corporation will post 1.02 earnings per share for the current 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.