Canoe Financial LP lowered its position in shares of ATS Corporation (NYSE:ATS - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in ATS by 561.9% during the fourth 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 during the period. Northwest & Ethical Investments L.P. boosted its holdings in shares of ATS by 7.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock worth $199,000 after buying an additional 478 shares during the last quarter. Deutsche Bank AG grew its position in ATS by 41.6% during the fourth quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock valued at $223,000 after buying an additional 2,149 shares during the period. Procyon Advisors LLC increased its holdings in ATS by 15.1% during the first quarter. Procyon Advisors LLC now owns 11,084 shares of the company's stock worth $276,000 after buying an additional 1,456 shares during the last quarter. Finally, Mariner LLC raised its position in ATS by 8.0% in the fourth quarter. Mariner LLC now owns 9,328 shares of the company's stock worth $284,000 after acquiring an additional 689 shares during the period. Hedge funds and other institutional investors own 75.84% of the company's stock.
ATS Trading Up 1.5%
ATS stock traded up $0.45 during mid-day trading on Tuesday, hitting $31.35. The company's stock had a trading volume of 61,985 shares, compared to its average volume of 127,191. The business has a 50 day moving average price of $27.59 and a 200-day moving average price of $27.82. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.69 and a quick ratio of 1.41. ATS Corporation has a 12 month low of $20.90 and a 12 month high of $34.32. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -165.00 and a beta of 1.22.
ATS (NYSE:ATS - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share 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 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 company's revenue for the quarter was down 27.5% on a year-over-year basis. As a group, analysts forecast that ATS Corporation will post 1.02 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on ATS shares. Wall Street Zen lowered ATS from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Scotiabank raised ATS to a "hold" rating in a report on Tuesday, April 29th.
Read Our Latest Stock Analysis on ATS
ATS Profile
(
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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