ATS Corporation $ATS Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in ATS Corporation (NYSE:ATS) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,341,435 shares of the company’s stock after acquiring an additional 69,334 shares during the quarter. Vanguard Group Inc. owned approximately 3.41% of ATS worth $87,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in ATS by 11.6% during the third quarter. Principal Financial Group Inc. now owns 874,140 shares of the company’s stock valued at $22,874,000 after purchasing an additional 90,700 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of ATS by 69.2% in the 3rd quarter. CIBC Asset Management Inc now owns 134,854 shares of the company’s stock valued at $3,524,000 after buying an additional 55,151 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of ATS by 19.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,369,028 shares of the company’s stock valued at $75,603,000 after buying an additional 392,874 shares during the last quarter. Bastion Asset Management Inc. bought a new stake in shares of ATS during the 3rd quarter valued at about $1,904,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its stake in ATS by 25.3% during the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 792,305 shares of the company’s stock worth $25,285,000 after acquiring an additional 159,814 shares during the period. 75.84% of the stock is currently owned by institutional investors.

ATS Trading Down 3.2%

Shares of ATS stock opened at $31.22 on Friday. ATS Corporation has a 1 year low of $20.90 and a 1 year high of $33.01. The firm has a market capitalization of $3.06 billion, a PE ratio of 208.15 and a beta of 1.10. The stock has a fifty day moving average of $30.05 and a two-hundred day moving average of $27.96. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.65.

ATS (NYSE:ATS) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $553.81 million for the quarter, compared to analysts’ expectations of $722.96 million. ATS had a net margin of 0.77% and a return on equity of 9.67%. The company’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share. As a group, research analysts expect that ATS Corporation will post 1.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ATS shares. JPMorgan Chase & Co. upped their target price on ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Weiss Ratings restated a “sell (d)” rating on shares of ATS in a research note on Wednesday, January 21st. TD Securities reiterated a “buy” rating on shares of ATS in a research note on Monday, January 26th. Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, Zacks Research raised shares of ATS from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.