Ewing Morris & Co. Investment Partners Ltd. Makes New $862,000 Investment in ATS Co. (NYSE:ATS)

Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of ATS Co. (NYSE:ATS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 28,280 shares of the company's stock, valued at approximately $862,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fairfax Financial Holdings Ltd. Can grew its holdings in ATS by 4,285.2% during 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. Deutsche Bank AG boosted 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. Bank of America Corp DE lifted its stake in ATS by 79.3% during the fourth quarter. Bank of America Corp DE now owns 808,052 shares of the company's stock worth $24,629,000 after purchasing an additional 357,322 shares during the last quarter. Boothbay Fund Management LLC lifted its stake in ATS by 121.9% during the fourth quarter. Boothbay Fund Management LLC now owns 130,476 shares of the company's stock worth $3,977,000 after purchasing an additional 71,687 shares during the last quarter. Finally, Candelo Capital Management LP bought a new stake in ATS during the fourth quarter worth $6,122,000. Institutional investors own 75.84% of the company's stock.

Analysts Set New Price Targets

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

ATS Stock Up 2.1%

NYSE ATS traded up $0.54 during trading hours on Friday, hitting $25.75. The company's stock had a trading volume of 112,689 shares, compared to its average volume of 126,970. ATS Co. has a 52 week low of $20.90 and a 52 week high of $35.42. The company has a market capitalization of $2.52 billion, a PE ratio of 39.02 and a beta of 1.06. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. The company's 50-day simple moving average is $25.49 and its two-hundred day simple moving average is $28.06.

ATS (NYSE:ATS - Get Free Report) last posted its quarterly earnings results 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%. Research analysts anticipate that ATS Co. will post 1.02 EPS for the current fiscal 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.