ATS (NYSE:ATS) Shares Gap Down - What's Next?

ATS Co. (NYSE:ATS - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $30.39, but opened at $29.06. ATS shares last traded at $30.23, with a volume of 16,603 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ATS. Wall Street Zen upgraded shares of ATS from a "sell" rating to a "hold" rating in a research report on Friday. Scotiabank raised shares of ATS to a "hold" rating in a research note on Tuesday, April 29th.

ATS Trading Down 1.0%

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 moving average of $25.68 and a 200-day moving average of $27.87. The firm has a market capitalization of $2.80 billion, a P/E ratio of 43.44 and a beta of 1.06.

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

Institutional Inflows and Outflows

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

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.