Candelo Capital Management LP Invests $6.12 Million in ATS Co. (NYSE:ATS)

Candelo Capital Management LP acquired a new stake in shares of ATS Co. (NYSE:ATS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 200,850 shares of the company's stock, valued at approximately $6,122,000. ATS makes up about 3.1% of Candelo Capital Management LP's investment portfolio, making the stock its 8th largest position. Candelo Capital Management LP owned approximately 0.21% of ATS as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Beutel Goodman & Co Ltd. grew its position in ATS by 497.7% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,515,682 shares of the company's stock worth $198,614,000 after buying an additional 5,425,613 shares during the last quarter. Capital World Investors raised its position in shares of ATS by 11.0% during the fourth quarter. Capital World Investors now owns 3,449,762 shares of the company's stock worth $105,212,000 after purchasing an additional 341,904 shares during the period. Vanguard Group Inc. lifted its holdings in shares of ATS by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock valued at $98,486,000 after purchasing an additional 51,365 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 valued at $50,905,000 after purchasing an additional 1,285,598 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in ATS by 76.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,635,224 shares of the company's stock worth $48,408,000 after purchasing an additional 710,923 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company's stock.

ATS Trading Up 0.0 %

ATS stock traded up $0.00 during mid-day trading on Monday, reaching $25.30. 37,064 shares of the stock traded hands, compared to its average volume of 126,500. The stock's fifty day moving average is $26.19 and its 200-day moving average is $28.44. The company has a market cap of $2.48 billion, a P/E ratio of 38.37 and a beta of 1.10. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. ATS Co. has a 52-week low of $20.90 and a 52-week high of $35.42.

ATS (NYSE:ATS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, hitting analysts' consensus estimates of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. As a group, sell-side analysts expect that ATS Co. will post 1.02 earnings per share for the current year.

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.