Hill City Capital LP Acquires Shares of 1,649,857 ATS Corporation $ATS

Hill City Capital LP bought a new stake in ATS Corporation (NYSE:ATS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,649,857 shares of the company’s stock, valued at approximately $47,482,884,000. ATS makes up 1.1% of Hill City Capital LP’s holdings, making the stock its 19th biggest position. Hill City Capital LP owned approximately 1.68% of ATS at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ATS. Smartleaf Asset Management LLC acquired a new position in ATS during the 4th quarter worth $29,000. State of Wyoming purchased a new position in shares of ATS in the 2nd quarter valued at about $33,000. Quarry LP purchased a new position in shares of ATS in the 3rd quarter valued at about $32,000. Raymond James Financial Inc. acquired a new position in shares of ATS during the second quarter worth about $43,000. Finally, Barclays PLC increased its stake in shares of ATS by 16.8% during the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after buying an additional 756 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Analyst Upgrades and Downgrades

ATS has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. Desjardins assumed coverage on ATS in a research note on Tuesday, June 16th. They issued a “buy” rating on the stock. Finally, TD Securities cut ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.50.

ATS Price Performance

Shares of NYSE:ATS opened at $19.37 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. The company has a market cap of $1.90 billion, a P/E ratio of 56.97 and a beta of 1.22. ATS Corporation has a 52 week low of $19.05 and a 52 week high of $35.82. The company has a 50-day moving average price of $25.06 and a 200 day moving average price of $28.87.

ATS (NYSE:ATS) last released its earnings results 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 firm had revenue of $488.38 million during the quarter, compared to analysts’ expectations of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. ATS’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. Research analysts predict that ATS Corporation will post 1.12 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.