Envestnet Asset Management Inc. Has $3.35 Million Stock Position in ATS Co. (NYSE:ATS)

Envestnet Asset Management Inc. boosted its stake in shares of ATS Co. (NYSE:ATS - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,921 shares of the company's stock after purchasing an additional 10,632 shares during the period. Envestnet Asset Management Inc. owned 0.11% of ATS worth $3,350,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Barclays PLC bought a new stake in ATS in the 3rd quarter valued at $510,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of ATS by 94.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company's stock valued at $54,000 after acquiring an additional 860 shares during the period. abrdn plc grew its stake in shares of ATS by 38.5% in the fourth quarter. abrdn plc now owns 13,267 shares of the company's stock valued at $401,000 after acquiring an additional 3,685 shares in the last quarter. Vanguard Group Inc. increased its position in ATS by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock worth $98,486,000 after acquiring an additional 51,365 shares during the period. Finally, Geode Capital Management LLC raised its stake in ATS by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 38,987 shares of the company's stock worth $1,136,000 after purchasing an additional 1,920 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded shares of ATS to a "hold" rating in a research report on Tuesday.

ATS Price Performance

Shares of NYSE:ATS traded down $0.02 during trading on Wednesday, reaching $25.18. 115,370 shares of the company traded hands, compared to its average volume of 126,968. The firm has a market capitalization of $2.47 billion, a PE ratio of 38.15 and a beta of 1.10. ATS Co. has a 52 week low of $20.90 and a 52 week high of $35.42. The company has a quick ratio of 1.58, a current ratio of 1.92 and a debt-to-equity ratio of 0.97. The company's 50 day moving average is $25.97 and its two-hundred day moving average is $28.36.

ATS (NYSE:ATS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. As a group, sell-side analysts predict that ATS Co. will post 1.02 earnings per share for the current year.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.