ATS Corporation $ATS Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. cut its stake in shares of ATS Corporation (NYSE:ATS) by 32.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,956 shares of the company’s stock after selling 83,725 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in ATS were worth $4,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of ATS by 8.9% in the 4th quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock worth $210,529,000 after purchasing an additional 623,369 shares during the last quarter. EdgePoint Investment Group Inc. boosted its position in ATS by 8.0% during the 4th quarter. EdgePoint Investment Group Inc. now owns 6,888,785 shares of the company’s stock valued at $189,771,000 after purchasing an additional 507,491 shares during the period. Vanguard Group Inc. grew its stake in ATS by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock worth $93,582,000 after buying an additional 55,731 shares during the last quarter. Bank of Montreal Can grew its stake in ATS by 187.1% during the 4th quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock worth $83,269,000 after buying an additional 1,970,040 shares during the last quarter. Finally, Alberta Investment Management Corp increased its position in ATS by 217.5% in the fourth quarter. Alberta Investment Management Corp now owns 1,340,265 shares of the company’s stock worth $36,918,000 after buying an additional 918,100 shares during the period. 75.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ATS shares. Desjardins started coverage on shares of ATS in a report on Tuesday, June 16th. They set a “buy” rating for the company. Zacks Research cut shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada decreased their target price on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.50.

ATS Stock Down 0.1%

Shares of ATS stock opened at $27.66 on Friday. The business’s fifty day moving average price is $30.53 and its two-hundred day moving average price is $30.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.36. The company has a market capitalization of $2.71 billion, a P/E ratio of 53.19 and a beta of 1.21. ATS Corporation has a 1-year low of $23.84 and a 1-year high of $35.82.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $535.09 million during the quarter, compared to the consensus estimate of $529.43 million. ATS had a return on equity of 9.40% and a net margin of 2.40%. As a group, research analysts forecast that ATS Corporation will post 1.38 EPS 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.