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 Saturday morning.

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

ATS Price Performance

Shares of ATS stock traded down $0.18 during trading on Friday, reaching $32.49. 34,047 shares of the stock traded hands, compared to its average volume of 128,393. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -171.00 and a beta of 1.28. The business has a fifty day simple moving average of $28.93 and a two-hundred day simple moving average of $27.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.69 and a quick ratio of 1.41. ATS has a 52-week low of $20.90 and a 52-week high of $34.32.

ATS (NYSE:ATS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The firm had revenue of $503.20 million during the quarter, compared to analyst estimates of $687.03 million. ATS had a positive return on equity of 8.38% and a negative net margin of 1.00%. The business's revenue was down 27.5% on a year-over-year basis. Sell-side analysts expect that ATS will post 1.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwest & Ethical Investments L.P. grew its position in ATS by 7.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock worth $199,000 after acquiring an additional 478 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in ATS by 1.3% in 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. lifted 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 during the last quarter. Mariner LLC lifted its stake in ATS by 8.0% in the fourth quarter. Mariner LLC now owns 9,328 shares of the company's stock worth $284,000 after purchasing an additional 689 shares during the last quarter. Finally, Aviso Financial Inc. lifted its stake in ATS by 1.8% in the fourth quarter. Aviso Financial Inc. now owns 45,681 shares of the company's stock worth $1,393,000 after purchasing an additional 826 shares during the last quarter. Hedge funds and other 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.