Burgundy Asset Management Ltd. Grows Stock Holdings in 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. increased its holdings in ATS Corporation (NYSE:ATS - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,768,782 shares of the company's stock after acquiring an additional 318,254 shares during the quarter. Burgundy Asset Management Ltd. owned about 1.81% of ATS worth $44,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of ATS by 561.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company's stock worth $66,000 after acquiring an additional 1,843 shares in the last quarter. Steph & Co. increased its stake in ATS by 223.6% during the 1st quarter. Steph & Co. now owns 5,317 shares of the company's stock valued at $133,000 after purchasing an additional 3,674 shares in the last quarter. Cidel Asset Management Inc. increased its stake in ATS by 8.5% during the 1st quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company's stock valued at $207,000 after purchasing an additional 650 shares in the last quarter. Northwest & Ethical Investments L.P. increased its stake in ATS by 27.7% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,333 shares of the company's stock valued at $208,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in ATS by 41.6% during the 4th quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock valued at $223,000 after purchasing an additional 2,149 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

ATS Stock Performance

Shares of NYSE ATS traded up $0.92 during trading on Friday, reaching $27.58. 81,740 shares of the company traded hands, compared to its average volume of 136,027. The firm has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $28.16. 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 capitalization of $2.69 billion, a PE ratio of -102.07 and a beta of 1.28. ATS Corporation has a 52-week low of $20.90 and a 52-week high of $33.13.

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

Wall Street Analyst Weigh In

ATS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of ATS from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Scotiabank upgraded shares of ATS to a "hold" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

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.