Allspring Global Investments Holdings LLC Has $6.26 Million Stock Position in ATS Corporation (NYSE:ATS)

Allspring Global Investments Holdings LLC lowered its stake in shares of ATS Corporation (NYSE:ATS - Free Report) by 11.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 251,058 shares of the company's stock after selling 32,800 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.26% of ATS worth $6,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Beutel Goodman & Co Ltd. boosted its position in ATS by 497.7% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,515,682 shares of the company's stock worth $198,614,000 after acquiring an additional 5,425,613 shares during the period. Capital World Investors boosted its position in ATS by 11.0% during the 4th quarter. Capital World Investors now owns 3,449,762 shares of the company's stock worth $105,212,000 after acquiring an additional 341,904 shares during the period. Vanguard Group Inc. boosted its position in ATS by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock worth $98,486,000 after acquiring an additional 51,365 shares during the period. Fairfax Financial Holdings Ltd. Can boosted its position in ATS by 4,285.2% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 2,486,400 shares of the company's stock worth $73,871,000 after acquiring an additional 2,429,700 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in ATS by 333.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,671,264 shares of the company's stock worth $50,905,000 after acquiring an additional 1,285,598 shares during the period. Institutional investors and hedge funds own 75.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen upgraded ATS from a "sell" rating to a "hold" rating in a research report on Saturday. Scotiabank upgraded ATS to a "hold" rating in a report on Tuesday, April 29th.

ATS Price Performance

Shares of ATS stock traded up $0.27 during trading on Wednesday, hitting $29.27. The stock had a trading volume of 317,080 shares, compared to its average volume of 132,577. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.69 and a quick ratio of 1.41. The firm has a market cap of $2.86 billion, a P/E ratio of -154.05 and a beta of 1.28. The business has a fifty day moving average of $29.17 and a two-hundred day moving average of $27.90. ATS Corporation has a fifty-two week low of $20.90 and a fifty-two week high of $34.32.

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