ATS (NYSE:ATS) Stock Rating Lowered by Zacks Research

Key Points

• ATS has been downgraded from a "hold" rating to a "strong sell" rating by Zacks Research, indicating bearish sentiment on the stock.
• Despite the downgrade, another firm, Wall Street Zen, recently upgraded ATS from a "sell" to a "hold" rating, showing conflicting analyst views.
• The company reported $541.11 million in revenue for the quarter, which fell short of analyst estimates, highlighting potential challenges in meeting growth expectations.

ATS (NYSE:ATS - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of ATS from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce".

ATS Trading Up 0.2%

Shares of ATS stock traded up $0.05 on Monday, reaching $28.20. 100,796 shares of the stock were exchanged, compared to its average volume of 112,517. The stock has a 50 day moving average price of $28.84 and a 200 day moving average price of $27.96. The stock has a market cap of $2.76 billion, a PE ratio of -104.44 and a beta of 1.27. ATS has a one year low of $20.90 and a one year high of $33.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.62 and a quick ratio of 1.32.

ATS (NYSE:ATS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. ATS had a positive return on equity of 7.79% and a negative net margin of 1.44%.The firm had revenue of $541.11 million during the quarter, compared to analysts' expectations of $712.16 million. During the same period in the previous year, the business posted $0.50 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. ATS has set its Q2 2026 guidance at EPS. Equities research analysts forecast that ATS will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On ATS

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in ATS during the 2nd quarter worth approximately $43,000. Steph & Co. raised its holdings in shares of ATS by 223.6% during the first quarter. Steph & Co. now owns 5,317 shares of the company's stock worth $133,000 after acquiring an additional 3,674 shares during the period. Cidel Asset Management Inc. lifted its position in ATS by 8.5% in the 1st quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company's stock valued at $207,000 after acquiring an additional 650 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in ATS by 27.7% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,333 shares of the company's stock worth $208,000 after purchasing an additional 1,806 shares during the period. Finally, Deutsche Bank AG increased its holdings in ATS by 41.6% during the 4th quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock worth $223,000 after purchasing an additional 2,149 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

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.