ATS Corporation (NYSE:ATS) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its stake in ATS Corporation (NYSE:ATS - Free Report) by 59.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 120,500 shares of the company's stock after purchasing an additional 45,000 shares during the period. Royce & Associates LP owned about 0.12% of ATS worth $3,004,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ATS. Vanguard Group Inc. increased its holdings in ATS by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock valued at $98,486,000 after purchasing an additional 51,365 shares during the last quarter. Norges Bank acquired a new stake in ATS in the 4th quarter valued at approximately $31,295,000. Clearbridge Investments LLC increased its holdings in ATS by 17.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,627,746 shares of the company's stock valued at $49,614,000 after purchasing an additional 245,318 shares during the last quarter. Franklin Resources Inc. boosted its position in ATS by 28.2% in the 4th quarter. Franklin Resources Inc. now owns 18,122 shares of the company's stock valued at $552,000 after buying an additional 3,990 shares during the period. Finally, National Bank of Canada FI boosted its position in ATS by 17.9% in the 4th quarter. National Bank of Canada FI now owns 493,601 shares of the company's stock valued at $15,068,000 after buying an additional 74,950 shares during the period. Institutional investors and hedge funds own 75.84% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Scotiabank raised shares of ATS to a "hold" rating in a research report on Tuesday, April 29th. Wall Street Zen raised shares of ATS from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th.

ATS Stock Performance

Shares of ATS stock opened at $32.20 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.69 and a debt-to-equity ratio of 0.96. ATS Corporation has a 52 week low of $20.90 and a 52 week high of $33.13. The stock has a market capitalization of $3.14 billion, a PE ratio of -169.48 and a beta of 1.28. The firm has a 50 day moving average of $30.20 and a two-hundred day moving average of $27.92.

ATS (NYSE:ATS - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The business had revenue of $503.20 million during the quarter, compared to analysts' expectations of $687.03 million. ATS had a negative net margin of 1.00% and a positive return on equity of 8.38%. ATS's revenue for the quarter was down 27.5% on a year-over-year basis. On average, research analysts predict that ATS Corporation will post 1.02 EPS for the current fiscal 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.

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