ATS Corporation $ATS Shares Bought by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. increased its stake in ATS Corporation by 27.5% in the first quarter, boosting its holdings to 845,052 shares valued at approximately $21.07 million.
• Institutional investors dominate ATS’s ownership, holding 75.84% of the company's stock, with notable increases from Fairfax Financial and Bank of America.
• ATS reported $0.30 earnings per share, exceeding expectations, despite revenues of $541.11 million falling short of estimates, indicating a positive return on equity of 7.79%.

1832 Asset Management L.P. boosted its holdings in shares of ATS Corporation (NYSE:ATS - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 845,052 shares of the company's stock after acquiring an additional 182,163 shares during the quarter. 1832 Asset Management L.P. owned about 0.86% of ATS worth $21,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATS. Fairfax Financial Holdings Ltd. Can increased its stake 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 acquiring an additional 2,429,700 shares during the last quarter. Bank of America Corp DE grew its stake in shares of ATS by 79.3% in the fourth quarter. Bank of America Corp DE now owns 808,052 shares of the company's stock valued at $24,629,000 after buying an additional 357,322 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of ATS by 21.9% in the first quarter. Burgundy Asset Management Ltd. now owns 1,768,782 shares of the company's stock valued at $44,133,000 after buying an additional 318,254 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of ATS by 18.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,976,154 shares of the company's stock valued at $49,266,000 after buying an additional 304,890 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in shares of ATS by 32.1% in the first quarter. TD Asset Management Inc now owns 1,156,862 shares of the company's stock valued at $28,832,000 after buying an additional 280,831 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company's stock.

Wall Street Analysts Forecast Growth

ATS has been the subject of a number of research reports. Wall Street Zen raised ATS from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Scotiabank raised ATS to a "hold" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

ATS Trading Up 3.2%

NYSE:ATS opened at $27.5240 on Friday. The firm has a market cap of $2.69 billion, a PE ratio of -101.94 and a beta of 1.28. The stock has a fifty day moving average price of $30.21 and a 200 day moving average price of $28.17. ATS Corporation has a 12-month low of $20.90 and a 12-month high of $33.13. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87.

ATS (NYSE:ATS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The firm had revenue of $541.11 million during the quarter, compared to analyst estimates of $712.16 million. ATS had a positive return on equity of 7.79% and a negative net margin of 1.44%.ATS's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. ATS has set its Q2 2026 guidance at EPS. Sell-side analysts anticipate that ATS Corporation will post 1.02 earnings per share for the current fiscal year.

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.

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