ATS Corporation $ATS Stock: TD Waterhouse Canada Inc. Lowers Holdings

Key Points

• TD Waterhouse Canada reduced its ATS position by 5%, selling 83,596 shares and retaining 1.60 million shares worth approximately $28.7 million. Institutional investors collectively own 75.84% of the company.
• Analyst sentiment has weakened, with several firms downgrading ATS; the stock has a consensus “Hold” rating and an average price target of $42.50.
• ATS shares opened at $18.19, near their 12-month low, after the company reported quarterly EPS of $0.25 versus expectations of $0.28 and revenue of $488.38 million, down 5.8% year over year.

TD Waterhouse Canada Inc. reduced its position in ATS Corporation (NYSE:ATS - Free Report) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,600,087 shares of the company's stock after selling 83,596 shares during the quarter. TD Waterhouse Canada Inc. owned about 1.65% of ATS worth $28,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Apella Capital LLC acquired a new position in shares of ATS during the third quarter worth $325,000. Engineers Gate Manager LP boosted its position in shares of ATS by 140.3% in the 2nd quarter. Engineers Gate Manager LP now owns 31,363 shares of the company's stock worth $903,000 after purchasing an additional 18,311 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of ATS in the 2nd quarter worth $713,000. Susquehanna International Group LLP acquired a new stake in shares of ATS in the 2nd quarter worth $1,001,000. Finally, Van ECK Associates Corp grew its stake in ATS by 91.6% during the 2nd quarter. Van ECK Associates Corp now owns 46,507 shares of the company's stock worth $1,339,000 after buying an additional 22,236 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATS has been the topic of several recent analyst reports. Weiss Ratings lowered ATS from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, September 25th. TD Securities cut ATS from a "buy" rating to a "hold" rating in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded ATS from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $42.50.

ATS Stock Up 0.6%

NYSE:ATS opened at $18.19 on Friday. The company has a market cap of $1.76 billion, a PE ratio of 53.51 and a beta of 1.18. ATS Corporation has a twelve month low of $17.15 and a twelve month high of $35.82. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75. The company's 50 day moving average is $19.01 and its two-hundred day moving average is $25.83.

ATS (NYSE:ATS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). The company had revenue of $488.38 million for the quarter, compared to analyst estimates of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts anticipate that ATS Corporation will post 1.04 EPS for the current year.

ATS Profile

ATS Corporation, also known as ATS Automation Tooling Systems, is an industrial automation company that designs, builds and services automated manufacturing and assembly systems. Its solutions combine robotics, precision machinery, controls, software, machine vision and other technologies to help manufacturers improve production efficiency, quality and repeatability.

The company provides custom automation equipment, standardized automation products, production systems, packaging and material-handling solutions, and related aftermarket services.

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