ACK Asset Management LLC Has $43.17 Million Stock Holdings in ATS Corporation $ATS

ACK Asset Management LLC decreased its position in ATS Corporation (NYSE:ATS - Free Report) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500,000 shares of the company's stock after selling 346,196 shares during the period. ATS comprises approximately 5.0% of ACK Asset Management LLC's portfolio, making the stock its 8th biggest holding. ACK Asset Management LLC owned 1.53% of ATS worth $43,170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Pictet Asset Management Holding SA lifted its holdings in shares of ATS by 2.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 16,423 shares of the company's stock worth $461,000 after acquiring an additional 417 shares during the last quarter. Stifel Financial Corp lifted its position in ATS by 3.9% in the fourth quarter. Stifel Financial Corp now owns 12,593 shares of the company's stock valued at $347,000 after purchasing an additional 467 shares during the last quarter. Barclays PLC boosted its stake in shares of ATS by 16.8% during the fourth quarter. Barclays PLC now owns 5,264 shares of the company's stock valued at $145,000 after purchasing an additional 756 shares during the period. Smartleaf Asset Management LLC purchased a new stake in shares of ATS during the fourth quarter valued at approximately $29,000. Finally, State of Wyoming bought a new position in shares of ATS in the second quarter worth approximately $33,000. 75.84% of the stock is currently owned by institutional investors.

ATS Stock Performance

ATS stock opened at $19.76 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. The stock's 50 day moving average is $25.75 and its 200 day moving average is $29.15. ATS Corporation has a twelve month low of $19.14 and a twelve month high of $35.82. The company has a market capitalization of $1.94 billion, a P/E ratio of 58.12 and a beta of 1.22.

ATS (NYSE:ATS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). ATS had a return on equity of 8.96% and a net margin of 1.60%.The company had revenue of $488.38 million during the quarter, compared to analysts' expectations of $509.71 million. During the same period in the prior year, the firm earned $0.41 EPS. ATS's revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts predict that ATS Corporation will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Desjardins initiated coverage on shares of ATS in a report on Tuesday, June 16th. They set a "buy" rating for the company. Weiss Ratings raised ATS from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday. Zacks Research cut ATS from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 9th. Wall Street Zen lowered ATS from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Finally, TD Securities cut ATS from a "buy" rating to a "hold" rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ATS currently has a consensus rating of "Hold" and a consensus target price of $42.50.

ATS Profile

ATS Corporation NYSE: ATS is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.

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