ATS (NYSE:ATS) Raised to "Hold" 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 shares of ATS to a "hold" rating in a research report on Tuesday, April 29th.

ATS Trading Down 8.8%

NYSE:ATS traded down $2.86 on Friday, hitting $29.63. 643,566 shares of the stock were exchanged, compared to its average volume of 130,454. The company's 50-day moving average price is $28.93 and its 200 day moving average price is $27.89. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -155.95 and a beta of 1.28. ATS has a 52 week low of $20.90 and a 52 week high of $34.32. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.41 and a current ratio of 1.69.

ATS (NYSE:ATS - Get Free Report) last announced 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 analysts' expectations of $687.03 million. ATS had a positive return on equity of 8.38% and a negative net margin of 1.00%. The firm's revenue for the quarter was down 27.5% on a year-over-year basis. On average, equities research analysts forecast that ATS will post 1.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in ATS by 561.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company's stock valued at $66,000 after acquiring an additional 1,843 shares during the last quarter. Steph & Co. raised its holdings in shares of ATS by 223.6% during the 1st quarter. Steph & Co. now owns 5,317 shares of the company's stock worth $133,000 after buying an additional 3,674 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of ATS by 7.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock worth $199,000 after buying an additional 478 shares during the last quarter. Cidel Asset Management Inc. increased its position in ATS by 8.5% during the 1st 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. Finally, Deutsche Bank AG increased its stake in shares of ATS by 41.6% in the fourth quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock valued at $223,000 after buying an additional 2,149 shares during the period. 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.