Alberta Investment Management Corp Makes New $11.06 Million Investment in ATS Corporation $ATS

Alberta Investment Management Corp acquired a new stake in shares of ATS Corporation (NYSE:ATS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 422,165 shares of the company’s stock, valued at approximately $11,061,000. Alberta Investment Management Corp owned 0.43% of ATS at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in ATS during the 2nd quarter valued at $43,000. State of Wyoming bought a new position in ATS during the third quarter valued at $112,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of ATS in the second quarter valued at $233,000. SkyView Investment Advisors LLC bought a new stake in shares of ATS in the 2nd quarter worth about $237,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of ATS in the 2nd quarter worth about $281,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Stock Performance

Shares of NYSE:ATS opened at $31.35 on Thursday. The firm’s 50 day simple moving average is $29.05 and its 200-day simple moving average is $27.71. 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 Corporation has a one year low of $20.90 and a one year high of $32.73. The firm has a market cap of $3.07 billion, a PE ratio of 208.99 and a beta of 1.21.

ATS (NYSE:ATS) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. ATS had a return on equity of 9.67% and a net margin of 0.77%.The company had revenue of $553.81 million for the quarter, compared to analysts’ expectations of $722.96 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. ATS’s revenue was up 16.7% compared to the same quarter last year. As a group, equities analysts predict that ATS Corporation will post 1.02 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Scotiabank reissued an “outperform” rating on shares of ATS in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ATS in a research note on Wednesday, January 21st. Wall Street Zen downgraded ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. boosted their price objective on ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Finally, TD Securities reaffirmed a “buy” rating on shares of ATS in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.