Royce & Associates LP Purchases 30,000 Shares of ATS Corporation $ATS

Royce & Associates LP boosted its position in ATS Corporation (NYSE:ATSFree Report) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,500 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Royce & Associates LP owned approximately 0.17% of ATS worth $4,532,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in ATS in the third quarter worth about $32,000. Raymond James Financial Inc. acquired a new stake in shares of ATS in the 2nd quarter worth $43,000. State of Wyoming acquired a new stake in shares of ATS in the 3rd quarter worth $112,000. SkyView Investment Advisors LLC acquired a new stake in shares of ATS in the 2nd quarter worth $237,000. Finally, Boothbay Fund Management LLC boosted its position in shares of ATS by 52.4% in the 3rd quarter. Boothbay Fund Management LLC now owns 10,170 shares of the company’s stock worth $266,000 after purchasing an additional 3,496 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

Key Stories Impacting ATS

Here are the key news stories impacting ATS this week:

ATS Price Performance

Shares of NYSE:ATS opened at $30.93 on Friday. ATS Corporation has a twelve month low of $23.84 and a twelve month high of $35.82. The company’s 50 day moving average is $31.70 and its 200 day moving average is $29.76. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.03 billion, a PE ratio of 59.48 and a beta of 1.26.

ATS (NYSE:ATSGet Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). ATS had a return on equity of 9.44% and a net margin of 2.40%.The business had revenue of $535.09 million during the quarter, compared to analyst estimates of $529.43 million. On average, sell-side analysts forecast that ATS Corporation will post 1.51 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen cut ATS from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Royal Bank Of Canada cut their price objective on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday. Zacks Research downgraded shares of ATS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Scotiabank restated an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ATS currently has an average rating of “Hold” and an average price target of $42.50.

Check Out Our Latest Research Report on ATS

About ATS

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ATS (NYSE:ATS)

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