ATS Corporation $ATS Stock Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lessened its stake in ATS Corporation (NYSE:ATS) by 29.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 133,382 shares of the company’s stock after selling 54,684 shares during the period. Van Berkom & Associates Inc. owned about 0.14% of ATS worth $2,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in ATS during the second quarter worth $66,908,000. Hill City Capital LP purchased a new stake in shares of ATS in the 2nd quarter valued at $47,483,000. Janus Henderson Group PLC raised its holdings in shares of ATS by 166.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after buying an additional 1,435,375 shares during the period. Alberta Investment Management Corp acquired a new position in ATS during the 2nd quarter worth about $33,904,000. Finally, Bank of America Corp DE acquired a new position in ATS during the 2nd quarter worth about $32,296,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ATS shares. TD Securities downgraded ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Zacks Research raised shares of ATS from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Weiss Ratings cut shares of ATS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ATS has a consensus rating of “Hold” and a consensus price target of $42.50.

ATS Trading Up 4.7%

NYSE:ATS opened at $17.77 on Tuesday. ATS Corporation has a 12-month low of $16.97 and a 12-month high of $35.82. The firm has a market cap of $1.70 billion, a PE ratio of 355.49 and a beta of 1.15. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average price of $18.62 and a 200 day moving average price of $26.25.

ATS (NYSE:ATS) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $467.59 million for the quarter, compared to analysts’ expectations of $477.49 million. ATS had a return on equity of 7.94% and a net margin of 0.28%. ATS’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Sell-side analysts anticipate that ATS Corporation will post 1.02 earnings per share for the current fiscal year.

ATS Company Profile

ATS Corporation designs, builds and services automated manufacturing systems for companies seeking to improve production processes. Its offerings include custom automation equipment, robotics, assembly and testing systems, and related software and services.

The company serves customers across a range of industries, including life sciences, food and beverage, transportation, consumer products and energy. Its work can span the manufacturing lifecycle, from system design and integration to installation, maintenance and upgrades.

Based in Cambridge, Ontario, ATS has a history of developing automation solutions and serves customers internationally through operations in multiple regions.