Rockefeller Capital Management L.P. Cuts Stock Holdings in ATS Corporation $ATS

Rockefeller Capital Management L.P. reduced its stake in shares of ATS Corporation (NYSE:ATS) by 65.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,790 shares of the company’s stock after selling 18,941 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in ATS were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in ATS by 8.9% during the 4th quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock valued at $210,529,000 after acquiring an additional 623,369 shares during the period. EdgePoint Investment Group Inc. boosted its stake in shares of ATS by 8.0% during the fourth 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 holdings in shares of ATS by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock worth $93,582,000 after purchasing an additional 55,731 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of ATS by 187.1% in the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock worth $83,269,000 after purchasing an additional 1,970,040 shares during the last quarter. Finally, Alberta Investment Management Corp increased its stake in shares of 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. Institutional investors own 75.84% of the company’s stock.

ATS Stock Down 2.8%

Shares of NYSE ATS opened at $27.67 on Wednesday. The firm has a fifty day simple moving average of $30.31 and a two-hundred day simple moving average of $30.13. ATS Corporation has a 12 month low of $23.84 and a 12 month high of $35.82. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $2.72 billion, a PE ratio of 53.22 and a beta of 1.21.

ATS (NYSE:ATS) last announced its earnings results on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). ATS had a net margin of 2.40% and a return on equity of 9.40%. The company had revenue of $535.09 million for the quarter, compared to the consensus estimate of $529.43 million. Equities analysts expect that ATS Corporation will post 1.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ATS. Royal Bank Of Canada dropped their price target 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. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Finally, Desjardins assumed coverage on ATS in a research report on Tuesday, June 16th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.50.

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.