Cibc World Market Inc. Acquires Shares of 327,087 ATS Corporation $ATS

Cibc World Market Inc. bought a new stake in ATS Corporation (NYSE:ATS) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 327,087 shares of the company’s stock, valued at approximately $9,420,000.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its stake in ATS by 1.5% during the first quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock worth $218,884,000 after buying an additional 117,291 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of ATS by 4.1% in the first quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock valued at $202,081,000 after acquiring an additional 279,327 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of ATS by 166.5% in the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after acquiring an additional 1,435,375 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of ATS by 22.3% in the 4th quarter. Royce & Associates LP now owns 164,500 shares of the company’s stock worth $4,532,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of ATS by 70.0% in the 1st quarter. Sei Investments Co. now owns 167,820 shares of the company’s stock worth $4,733,000 after acquiring an additional 69,078 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Trading Down 2.4%

Shares of ATS stock opened at $19.26 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. ATS Corporation has a 12-month low of $19.05 and a 12-month high of $35.82. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 56.64 and a beta of 1.22. The firm’s 50-day moving average price is $25.57 and its two-hundred day moving average price is $29.09.

ATS (NYSE:ATS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The firm had revenue of $488.38 million for the quarter, compared to the consensus estimate of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%.The business’s revenue was down 5.8% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, analysts forecast that ATS Corporation will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ATS. Scotiabank restated an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Zacks Research lowered ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada cut their price objective on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday. Finally, TD Securities cut ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.50.

About ATS

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.