Burgundy Asset Management Ltd. Acquires 318,254 Shares of ATS Corporation $ATS

Key Points

• Burgundy Asset Management Ltd. increased its ownership in ATS Corporation by 21.9%, acquiring a total of 1,768,782 shares worth approximately $44.1 million.
• ATS reported earnings per share of $0.30 for the most recent quarter, exceeding analysts' expectations of $0.27, despite revenue falling short at $541.11 million against a consensus estimate of $712.16 million.
• ATS stocks have been downgraded to a "hold" rating by several analysts, including Scotiabank, reflecting a cautious outlook on the company's performance.

Burgundy Asset Management Ltd. lifted its position in ATS Corporation (NYSE:ATS - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,768,782 shares of the company's stock after acquiring an additional 318,254 shares during the period. Burgundy Asset Management Ltd. owned 1.81% of ATS worth $44,133,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ATS by 1.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,571 shares of the company's stock worth $2,547,000 after purchasing an additional 1,053 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of ATS by 14.9% during the first quarter. Envestnet Asset Management Inc. now owns 126,293 shares of the company's stock valued at $3,148,000 after acquiring an additional 16,372 shares in the last quarter. Mariner LLC increased its position in shares of ATS by 8.0% during the fourth quarter. Mariner LLC now owns 9,328 shares of the company's stock valued at $284,000 after acquiring an additional 689 shares in the last quarter. Bank of America Corp DE increased its position in shares of ATS by 79.3% during the fourth quarter. Bank of America Corp DE now owns 808,052 shares of the company's stock valued at $24,629,000 after acquiring an additional 357,322 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of ATS by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 41,054 shares of the company's stock valued at $1,265,000 after acquiring an additional 2,067 shares in the last quarter. Institutional investors own 75.84% of the company's stock.

Analyst Upgrades and Downgrades

ATS has been the subject of several analyst reports. Scotiabank raised shares of ATS to a "hold" rating in a research report on Tuesday, April 29th. Wall Street Zen upgraded shares of ATS from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ATS presently has a consensus rating of "Hold".

ATS Price Performance

NYSE:ATS traded down $0.2450 on Thursday, reaching $26.6650. 87,156 shares of the company's stock traded hands, compared to its average volume of 136,255. 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 50-day simple moving average of $30.35 and a 200-day simple moving average of $28.16. The firm has a market cap of $2.60 billion, a PE ratio of -98.76 and a beta of 1.28. ATS Corporation has a 12 month low of $20.90 and a 12 month high of $33.13.

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