Canoe Financial LP reduced its holdings in ATS Corporation (NYSE:ATS - Free Report) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,299 shares of the company's stock after selling 28,690 shares during the quarter. Canoe Financial LP owned 0.63% of ATS worth $15,289,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Beutel Goodman & Co Ltd. raised its holdings in shares of ATS by 497.7% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,515,682 shares of the company's stock worth $198,614,000 after purchasing an additional 5,425,613 shares in the last quarter. Capital World Investors raised its holdings in shares of ATS by 11.0% in the 4th quarter. Capital World Investors now owns 3,449,762 shares of the company's stock worth $105,212,000 after purchasing an additional 341,904 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of ATS by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock worth $98,486,000 after purchasing an additional 51,365 shares in the last quarter. Fairfax Financial Holdings Ltd. Can raised its holdings in shares of ATS by 4,285.2% in the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 2,486,400 shares of the company's stock worth $73,871,000 after purchasing an additional 2,429,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of ATS by 333.3% in 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 purchasing an additional 1,285,598 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Scotiabank upgraded shares of ATS to a "hold" rating in a report on Tuesday, April 29th. Wall Street Zen lowered shares of ATS from a "hold" rating to a "sell" rating in a report on Saturday, June 7th.
View Our Latest Analysis on ATS
ATS Stock Down 0.3%
ATS stock opened at $30.65 on Friday. ATS Corporation has a 52-week low of $20.90 and a 52-week high of $34.32. The company's 50 day simple moving average is $27.47 and its 200-day simple moving average is $27.89. 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 capitalization of $2.99 billion, a P/E ratio of -161.32 and a beta of 1.22.
ATS (NYSE:ATS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. ATS had a negative net margin of 1.00% and a positive return on equity of 8.38%. The firm had revenue of $503.20 million for the quarter, compared to the consensus estimate of $687.03 million. ATS's revenue was down 27.5% compared to the same quarter last year. As a group, equities research analysts anticipate that ATS Corporation will post 1.02 EPS for the current year.
About ATS
(
Free Report)
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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