Scotiabank upgraded shares of ATS (NYSE:ATS - Free Report) to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.
ATS Stock Performance
NYSE ATS traded down $0.15 during trading hours on Tuesday, hitting $25.67. 27,966 shares of the stock were exchanged, compared to its average volume of 127,049. ATS has a 12-month low of $20.90 and a 12-month high of $35.42. The stock has a 50-day moving average of $25.81 and a 200 day moving average of $28.26. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 38.89 and a beta of 1.06. The company has a quick ratio of 1.58, a current ratio of 1.92 and a debt-to-equity ratio of 0.97.
ATS (NYSE:ATS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. As a group, equities research analysts forecast that ATS will post 1.02 earnings per share for the current year.
Institutional Trading of ATS
Several large investors have recently bought and sold shares of the company. Northwest & Ethical Investments L.P. boosted its stake in ATS by 7.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock valued at $199,000 after acquiring an additional 478 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ATS by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 37,463 shares of the company's stock worth $1,142,000 after purchasing an additional 479 shares during the last quarter. Cidel Asset Management Inc. grew its stake in ATS by 8.5% in the first quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company's stock worth $207,000 after purchasing an additional 650 shares in the last quarter. Mariner LLC increased its holdings in ATS by 8.0% in the fourth quarter. Mariner LLC now owns 9,328 shares of the company's stock valued at $284,000 after buying an additional 689 shares during the last quarter. Finally, Aviso Financial Inc. raised its stake in ATS by 1.8% during the fourth quarter. Aviso Financial Inc. now owns 45,681 shares of the company's stock valued at $1,393,000 after buying an additional 826 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company's stock.
ATS Company Profile
(
Get Free Report)
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.
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