ATS (NYSE:ATS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ATS (NYSE:ATS - Free Report) from a sell rating to a hold rating in a report issued on Friday morning.

Separately, Scotiabank raised ATS to a "hold" rating in a report on Tuesday, April 29th.

ATS Stock Performance

NYSE:ATS traded up $1.40 during midday trading on Friday, reaching $30.17. 95,041 shares of the company traded hands, compared to its average volume of 138,676. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 45.71 and a beta of 1.06. The company has a fifty day moving average price of $25.72 and a 200 day moving average price of $27.87. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. ATS has a twelve month low of $20.90 and a twelve month high of $34.32.

ATS (NYSE:ATS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. ATS had a net margin of 3.27% and a return on equity of 9.95%. The company had revenue of $503.20 million during the quarter, compared to the consensus estimate of $687.03 million. The company's revenue for the quarter was down 27.5% on a year-over-year basis. On average, analysts expect that ATS will post 1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On ATS

A number of institutional investors and hedge funds have recently bought and sold shares of ATS. Tower Research Capital LLC TRC lifted its stake in ATS by 561.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company's stock valued at $66,000 after purchasing an additional 1,843 shares during the last quarter. Steph & Co. lifted its position in shares of ATS by 223.6% during the 1st quarter. Steph & Co. now owns 5,317 shares of the company's stock valued at $133,000 after acquiring an additional 3,674 shares during the last quarter. Northwest & Ethical Investments L.P. raised its position in shares of ATS by 7.9% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock worth $199,000 after purchasing an additional 478 shares during the period. Cidel Asset Management Inc. raised its position in shares of ATS by 8.5% during 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 during the period. Finally, Deutsche Bank AG lifted its holdings in shares of ATS by 41.6% during the fourth quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock valued at $223,000 after purchasing an additional 2,149 shares during the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

ATS Company Profile

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.