Allspring Global Investments Holdings LLC Sells 32,800 Shares of ATS Corporation (NYSE:ATS)

Allspring Global Investments Holdings LLC cut its holdings in ATS Corporation (NYSE:ATS - Free Report) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the 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 about 0.26% of ATS worth $6,259,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in ATS by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 198,402 shares of the company's stock worth $6,048,000 after acquiring an additional 5,525 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. acquired a new stake in shares of ATS during the 4th quarter worth about $4,538,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of ATS by 333.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,671,264 shares of the company's stock worth $50,905,000 after buying an additional 1,285,598 shares in the last quarter. Swiss National Bank raised its position in shares of ATS by 0.6% in the fourth quarter. Swiss National Bank now owns 164,500 shares of the company's stock valued at $5,015,000 after buying an additional 900 shares during the last quarter. Finally, Aviso Financial Inc. grew its position in shares of ATS by 1.8% in the fourth quarter. Aviso Financial Inc. now owns 45,681 shares of the company's stock valued at $1,393,000 after purchasing an additional 826 shares during the period. Institutional investors and hedge funds own 75.84% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ATS. Wall Street Zen raised 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 Stock Down 8.8%

Shares of NYSE ATS traded down $2.86 during mid-day trading on Monday, reaching $29.63. The company had a trading volume of 643,566 shares, compared to its average volume of 130,454. The stock has a market capitalization of $2.89 billion, a PE ratio of -155.95 and a beta of 1.28. ATS Corporation has a twelve month low of $20.90 and a twelve month high of $34.32. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.41 and a current ratio of 1.69. The stock's 50 day moving average is $28.93 and its 200-day moving average is $27.89.

ATS (NYSE:ATS - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The company 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%. The firm's revenue for the quarter was down 27.5% compared to the same quarter last year. As a group, equities analysts anticipate that ATS Corporation will post 1.02 earnings per share for the current fiscal year.

About ATS

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.