ATS Corporation $ATS Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its stake in ATS Corporation (NYSE:ATS) by 32.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 170,956 shares of the company’s stock after selling 83,725 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.17% of ATS worth $4,803,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC acquired a new position in ATS during the 4th quarter worth approximately $29,000. Quarry LP acquired a new stake in ATS in the third quarter valued at approximately $32,000. Raymond James Financial Inc. purchased a new stake in shares of ATS during the second quarter valued at approximately $43,000. Barclays PLC raised 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 valued at $145,000 after purchasing an additional 756 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new position in shares of ATS during the second quarter worth $237,000. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

ATS Stock Performance

ATS stock opened at $27.66 on Friday. The stock’s 50 day simple moving average is $30.53 and its 200 day simple moving average is $30.09. ATS Corporation has a 12-month low of $23.84 and a 12-month high of $35.82. The firm has a market cap of $2.71 billion, a P/E ratio of 53.19 and a beta of 1.21. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78.

ATS (NYSE:ATS) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). ATS had a return on equity of 9.40% 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. As a group, equities research analysts predict that ATS Corporation will post 1.38 EPS for the current year.

Analysts Set New Price Targets

ATS has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Zacks Research downgraded ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Desjardins initiated coverage on ATS in a research report on Tuesday, June 16th. They issued a “buy” rating on the stock. Finally, Scotiabank reiterated an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.50.

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.