MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Position in ATS Corporation $ATS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in ATS Corporation by 5.2%, selling 61,352 shares and now holding 1.14% of the company valued at approximately $27.7 million.
• Wall Street analysts have upgraded ATS from a "sell" to a "hold" rating, indicating a more cautious outlook on the stock's performance.
• ATS recently reported earnings of $0.30 EPS for the quarter, exceeding the consensus estimate by 3 cents, despite revenue falling short compared to forecasts.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in ATS Corporation (NYSE:ATS - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,111,800 shares of the company's stock after selling 61,352 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.14% of ATS worth $27,709,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its position in ATS by 21.8% in the 1st quarter. Royal Bank of Canada now owns 6,480,168 shares of the company's stock valued at $161,550,000 after acquiring an additional 1,161,204 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in ATS by 41.7% in the 1st quarter. EdgePoint Investment Group Inc. now owns 5,017,996 shares of the company's stock valued at $125,100,000 after acquiring an additional 1,477,357 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in ATS by 18.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,976,154 shares of the company's stock valued at $49,266,000 after acquiring an additional 304,890 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in ATS by 21.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,768,782 shares of the company's stock valued at $44,133,000 after acquiring an additional 318,254 shares in the last quarter. Finally, Hill City Capital LP acquired a new position in ATS in the 1st quarter valued at about $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 report on Saturday, July 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

ATS Stock Down 1.5%

ATS stock traded down $0.40 during trading on Friday, reaching $27.15. The stock had a trading volume of 19,185 shares, compared to its average volume of 134,417. ATS Corporation has a 52-week low of $20.90 and a 52-week high of $33.13. The business has a 50 day moving average price of $29.05 and a 200 day moving average price of $28.00. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2.66 billion, a PE ratio of -100.67 and a beta of 1.27.

ATS (NYSE:ATS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. ATS had a negative net margin of 1.44% and a positive return on equity of 7.79%. The company had revenue of $541.11 million during the quarter, compared to the consensus estimate of $712.16 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The firm's quarterly revenue was up 6.1% on a year-over-year basis. ATS has set its Q2 2026 guidance at EPS. On average, analysts predict that ATS Corporation will post 1.02 EPS for the current 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.