60,800 Shares in ATS Corporation $ATS Bought by Caldwell Investment Management Ltd.

Caldwell Investment Management Ltd. bought a new stake in ATS Corporation (NYSE:ATS) during the second quarter, HoldingsChannel reports. The firm bought 60,800 shares of the company’s stock, valued at approximately $1,749,000. ATS comprises about 1.1% of Caldwell Investment Management Ltd.’s holdings, making the stock its 11th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of ATS. Pictet Asset Management Holding SA increased its position in shares of ATS by 2.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 16,423 shares of the company’s stock worth $461,000 after purchasing an additional 417 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of ATS by 3.9% in the 4th quarter. Stifel Financial Corp now owns 12,593 shares of the company’s stock valued at $347,000 after buying an additional 467 shares during the last quarter. Barclays PLC grew its stake in shares of ATS by 16.8% in the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after buying an additional 756 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in ATS during the fourth quarter worth $29,000. Finally, State of Wyoming bought a new stake in ATS during the second quarter worth $33,000. Institutional investors own 75.84% of the company’s stock.

Analyst Upgrades and Downgrades

ATS has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their target price on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Wall Street Zen downgraded ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research lowered ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings cut ATS from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.50.

ATS Trading Up 2.5%

ATS opened at $19.76 on Friday. The company has a market cap of $1.94 billion, a P/E ratio of 58.12 and a beta of 1.22. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $25.75 and its 200-day moving average is $29.15. ATS Corporation has a 1-year low of $19.14 and a 1-year high of $35.82.

ATS (NYSE:ATS) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $488.38 million for the quarter, compared to analyst estimates of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%.ATS’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities research analysts predict that ATS Corporation will post 1.2 earnings per share for the current fiscal 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.