Bank of America Corp DE Buys 357,322 Shares of ATS Co. (NYSE:ATS)

Bank of America Corp DE increased its position in shares of ATS Co. (NYSE:ATS - Free Report) by 79.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 808,052 shares of the company's stock after purchasing an additional 357,322 shares during the quarter. Bank of America Corp DE owned approximately 0.83% of ATS worth $24,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in ATS by 94.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company's stock worth $54,000 after acquiring an additional 860 shares during the period. Tower Research Capital LLC TRC raised its position in shares of ATS by 561.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company's stock valued at $66,000 after purchasing an additional 1,843 shares during the period. Northwest & Ethical Investments L.P. raised its position in shares of ATS by 7.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock valued at $199,000 after purchasing an additional 478 shares during the period. Mariner LLC raised its position in shares of ATS by 8.0% in the fourth quarter. Mariner LLC now owns 9,328 shares of the company's stock valued at $284,000 after purchasing an additional 689 shares during the period. Finally, Procyon Advisors LLC bought a new stake in shares of ATS in the fourth quarter valued at approximately $293,000. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised shares of ATS to a "hold" rating in a research report on Tuesday, April 29th.

ATS Price Performance

NYSE:ATS traded down $0.26 during mid-day trading on Friday, hitting $25.53. 85,683 shares of the stock traded hands, compared to its average volume of 124,185. The business's 50-day moving average price is $25.57 and its 200 day moving average price is $27.87. The company has a market cap of $2.50 billion, a PE ratio of 38.68 and a beta of 1.06. ATS Co. has a 12-month low of $20.90 and a 12-month high of $34.32. The company has a quick ratio of 1.58, a current ratio of 1.92 and a debt-to-equity ratio of 0.97.

ATS Company 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.