ATS Corporation $ATS Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its stake in ATS Corporation (NYSE:ATS) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,761,838 shares of the company’s stock after purchasing an additional 117,291 shares during the period. Royal Bank of Canada owned about 0.08% of ATS worth $218,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Amundi increased its stake in shares of ATS by 5.4% during the first quarter. Amundi now owns 30,538 shares of the company’s stock worth $770,000 after buying an additional 1,562 shares during the period. Goldman Sachs Group Inc. grew its holdings in ATS by 79.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company’s stock worth $10,821,000 after acquiring an additional 191,842 shares in the last quarter. Jane Street Group LLC increased its position in shares of ATS by 29.7% in the 1st quarter. Jane Street Group LLC now owns 42,085 shares of the company’s stock valued at $1,049,000 after purchasing an additional 9,636 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of ATS by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 120,088 shares of the company’s stock valued at $3,830,000 after purchasing an additional 3,382 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of ATS during the 2nd quarter worth $43,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Scotiabank reiterated an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. 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. Wall Street Zen cut ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Desjardins started coverage on ATS in a report on Tuesday, June 16th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ATS has an average rating of “Hold” and a consensus price target of $42.50.

ATS Stock Down 1.6%

Shares of NYSE:ATS opened at $26.53 on Thursday. The firm has a 50 day simple moving average of $28.42 and a 200-day simple moving average of $30.01. ATS Corporation has a twelve month low of $23.84 and a twelve month high of $35.82. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2.60 billion, a PE ratio of 51.02 and a beta of 1.21.

ATS (NYSE:ATS) last posted its earnings results 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 net margin of 2.40% and a return on equity of 9.40%. The company had revenue of $535.09 million during the quarter, compared to analysts’ expectations of $529.43 million. On average, equities analysts predict that ATS Corporation will post 1.36 EPS 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.