Federation des caisses Desjardins du Quebec Has $11.81 Million Position in ATS Corporation $ATS

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in ATS Corporation by 12.1%, now holding 483,488 shares valued at approximately $11.8 million.
• A variety of other institutional investors, including the Royal Bank of Canada, increased their positions in ATS during the first quarter, reflecting a 75.84% ownership by institutional investors in total.
• Wall Street analysts have recently upgraded ATS from a "sell" to a "hold" rating, with the company projected to post $1.02 earnings per share for the current fiscal year.

Federation des caisses Desjardins du Quebec cut its stake in shares of ATS Corporation (NYSE:ATS - Free Report) by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 483,488 shares of the company's stock after selling 66,272 shares during the period. Federation des caisses Desjardins du Quebec owned approximately 0.49% of ATS worth $11,814,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of ATS by 21.8% during the first quarter. Royal Bank of Canada now owns 6,480,168 shares of the company's stock worth $161,550,000 after purchasing an additional 1,161,204 shares during the period. Fairfax Financial Holdings Ltd. Can raised its stake in ATS by 4,285.2% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 2,486,400 shares of the company's stock worth $73,871,000 after buying an additional 2,429,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in ATS by 18.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,976,154 shares of the company's stock worth $49,266,000 after buying an additional 304,890 shares during the period. Burgundy Asset Management Ltd. raised its stake in ATS by 21.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,768,782 shares of the company's stock worth $44,133,000 after buying an additional 318,254 shares during the period. Finally, Hill City Capital LP acquired a new stake in ATS during the 1st quarter worth $32,405,000. 75.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised ATS from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, ATS currently has a consensus rating of "Hold".

ATS Stock Performance

ATS stock traded up $0.20 during midday trading on Friday, reaching $27.61. 136,888 shares of the company were exchanged, compared to its average volume of 115,077. ATS Corporation has a one year low of $20.90 and a one year high of $33.13. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -102.26 and a beta of 1.27. The business has a 50-day moving average price of $29.45 and a two-hundred day moving average price of $28.04. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.62 and a quick ratio of 1.32.

ATS (NYSE:ATS - Get Free Report) last announced 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 company had revenue of $541.11 million during the quarter, compared to analysts' expectations of $712.16 million. ATS had a negative net margin of 1.44% and a positive return on equity of 7.79%. ATS's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. ATS has set its Q2 2026 guidance at EPS. Equities research analysts forecast that ATS Corporation will post 1.02 EPS for the current year.

ATS 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.