National Bank of Canada FI Grows Stock Position in ATS Co. (NYSE:ATS)

National Bank of Canada FI increased its position in shares of ATS Co. (NYSE:ATS) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,925 shares of the company’s stock after purchasing an additional 10,380 shares during the period. National Bank of Canada FI owned 0.37% of ATS worth $15,554,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ATS. Van ECK Associates Corp grew its position in shares of ATS by 55.0% in the 4th quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock valued at $33,000 after buying an additional 271 shares during the last quarter. PNC Financial Services Group Inc. increased its position in ATS by 4,342.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 844 shares of the company’s stock valued at $36,000 after acquiring an additional 825 shares during the period. Psagot Value Holdings Ltd. Israel acquired a new stake in ATS during the 3rd quarter worth approximately $234,000. Shell Asset Management Co. raised its stake in shares of ATS by 15.4% during the third quarter. Shell Asset Management Co. now owns 6,731 shares of the company’s stock worth $288,000 after purchasing an additional 900 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in ATS in the 3rd quarter valued at $321,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Stock Performance

ATS opened at $32.99 on Wednesday. The business has a 50 day moving average price of $34.24 and a two-hundred day moving average price of $37.96. The company has a market capitalization of $3.26 billion and a price-to-earnings ratio of 24.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.70 and a quick ratio of 1.41. ATS Co. has a 1-year low of $29.78 and a 1-year high of $48.89.

ATS (NYSE:ATS) last issued its earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $552.45 million during the quarter, compared to analyst estimates of $536.95 million. ATS had a return on equity of 17.56% and a net margin of 5.89%. Research analysts predict that ATS Co. will post 1.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on shares of ATS in a research report on Tuesday, March 26th. They issued a “sell” rating and a $34.00 price objective on the stock.

ATS Company Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.