Fiera Capital Corp Sells 39,210 Shares of ATS Corporation $ATS

Fiera Capital Corp lowered its position in shares of ATS Corporation (NYSE:ATS) by 29.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,159 shares of the company’s stock after selling 39,210 shares during the quarter. Fiera Capital Corp owned about 0.10% of ATS worth $2,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EdgePoint Investment Group Inc. raised its stake in ATS by 28.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 6,434,005 shares of the company’s stock worth $205,330,000 after purchasing an additional 1,416,009 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of ATS by 2.1% during the third quarter. Vanguard Group Inc. now owns 3,341,435 shares of the company’s stock worth $87,419,000 after purchasing an additional 69,334 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of ATS by 19.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,369,028 shares of the company’s stock worth $75,603,000 after purchasing an additional 392,874 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of ATS by 2.5% in the second quarter. Burgundy Asset Management Ltd. now owns 1,812,147 shares of the company’s stock valued at $57,687,000 after buying an additional 43,365 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of ATS by 17.5% in the second quarter. Mackenzie Financial Corp now owns 1,410,833 shares of the company’s stock valued at $45,023,000 after buying an additional 210,570 shares during the period. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Price Performance

Shares of ATS stock opened at $32.84 on Friday. The business has a fifty day simple moving average of $29.25 and a 200 day simple moving average of $27.74. The company has a market cap of $3.22 billion, a P/E ratio of 218.91 and a beta of 1.21. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.82. ATS Corporation has a twelve month low of $20.90 and a twelve month high of $33.01.

ATS (NYSE:ATS) last issued its earnings results on Wednesday, February 4th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $553.81 million during the quarter, compared to the consensus estimate of $722.96 million. ATS had a return on equity of 9.67% and a net margin of 0.77%.The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, sell-side analysts forecast that ATS Corporation will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ATS shares. Zacks Research upgraded ATS from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. raised their price target on ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a research note on Thursday, January 29th. TD Securities reaffirmed a “buy” rating on shares of ATS in a research report on Monday, January 26th. Finally, Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ATS has a consensus rating of “Moderate Buy” and an average target price of $35.00.

ATS Company 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.