TD Waterhouse Canada Inc. Has $37.35 Million Stock Position in ATS Corporation $ATS

TD Waterhouse Canada Inc. trimmed its position in ATS Corporation (NYSE:ATS) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,232 shares of the company’s stock after selling 22,088 shares during the period. TD Waterhouse Canada Inc.’s holdings in ATS were worth $37,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in ATS in the second quarter valued at approximately $43,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of ATS in the 2nd quarter worth $233,000. SkyView Investment Advisors LLC acquired a new stake in ATS in the 2nd quarter valued at $237,000. Dynamic Technology Lab Private Ltd bought a new stake in ATS during the 2nd quarter valued at $281,000. Finally, Cidel Asset Management Inc. raised its holdings in ATS by 11.9% during the second quarter. Cidel Asset Management Inc. now owns 9,270 shares of the company’s stock worth $295,000 after buying an additional 984 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a report on Wednesday, January 21st. Wall Street Zen upgraded ATS from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. increased their price objective on ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Scotiabank upgraded ATS from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, November 5th. Finally, TD Securities reiterated a “buy” rating on shares of ATS in a report on Monday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.00.

ATS Price Performance

ATS stock opened at $28.93 on Thursday. ATS Corporation has a 52 week low of $20.90 and a 52 week high of $32.73. The company’s 50 day moving average price is $27.74 and its two-hundred day moving average price is $27.79. The stock has a market cap of $2.84 billion, a P/E ratio of -2,890.11 and a beta of 1.21. The company has a quick ratio of 1.34, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.

ATS (NYSE:ATS) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. ATS had a positive return on equity of 8.82% and a negative net margin of 0.08%.The company had revenue of $524.03 million during the quarter, compared to the consensus estimate of $721.51 million. During the same period last year, the business posted $0.25 earnings per share. ATS’s revenue was up 18.9% on a year-over-year basis. On average, equities analysts predict that ATS Corporation will post 1.02 earnings per share for the current year.

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.