Wall Street Zen Upgrades ATS (NYSE:ATS) to Hold

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

Separately, Scotiabank raised shares of ATS to a "hold" rating in a research note on Tuesday, April 29th.

ATS Price Performance

NYSE ATS traded down $0.30 during trading hours on Friday, hitting $28.67. The company had a trading volume of 142,753 shares, compared to its average volume of 127,602. ATS has a 52 week low of $20.90 and a 52 week high of $34.32. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 43.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.92. The firm has a 50 day simple moving average of $25.68 and a 200 day simple moving average of $27.87.

ATS (NYSE:ATS - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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 business had revenue of $503.20 million for the quarter, compared to analysts' expectations of $687.03 million. ATS's quarterly revenue was down 27.5% compared to the same quarter last year. Equities research analysts expect that ATS will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On ATS

Several institutional investors have recently modified their holdings of the business. Beutel Goodman & Co Ltd. raised its holdings in shares of ATS by 497.7% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,515,682 shares of the company's stock valued at $198,614,000 after purchasing an additional 5,425,613 shares during the last quarter. Fairfax Financial Holdings Ltd. Can grew its position in ATS by 4,285.2% in the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 2,486,400 shares of the company's stock worth $73,871,000 after purchasing an additional 2,429,700 shares during the period. EdgePoint Investment Group Inc. raised its stake in ATS by 41.7% during the 1st quarter. EdgePoint Investment Group Inc. now owns 5,017,996 shares of the company's stock valued at $125,100,000 after buying an additional 1,477,357 shares during the last quarter. Hill City Capital LP bought a new position in shares of ATS during the 1st quarter valued at $32,405,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of ATS by 333.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,671,264 shares of the company's stock worth $50,905,000 after buying an additional 1,285,598 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

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.