BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $1.17 Million Stake in ATS Corporation $ATS

Key Points

• British Columbia Investment Management Corp significantly reduced its holdings in ATS Corporation by 90% during Q1, now owning 46,871 shares valued at approximately $1.17 million.
• Other large investors have increased their stakes in ATS, with UBS AM boosting holdings by 1.3%, and Envestnet Asset Management raising theirs by 14.9% in Q1.
• Wall Street analysts have recently given ATS a consensus rating of “Hold,” with the company's shares trading at $27.36 and revenue increasing 6.1% year-over-year.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in ATS Corporation (NYSE:ATS - Free Report) by 90.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,871 shares of the company's stock after selling 420,008 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in ATS were worth $1,169,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ATS by 1.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,571 shares of the company's stock valued at $2,547,000 after acquiring an additional 1,053 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of ATS by 14.9% in the first quarter. Envestnet Asset Management Inc. now owns 126,293 shares of the company's stock valued at $3,148,000 after acquiring an additional 16,372 shares in the last quarter. Mariner LLC grew its stake 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 acquiring an additional 689 shares in the last quarter. Bank of America Corp DE grew its stake in shares of ATS by 79.3% in the fourth quarter. Bank of America Corp DE now owns 808,052 shares of the company's stock valued at $24,629,000 after acquiring an additional 357,322 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of ATS by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 41,054 shares of the company's stock valued at $1,265,000 after acquiring an additional 2,067 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of ATS from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

ATS Price Performance

Shares of ATS stock traded up $0.14 on Friday, reaching $27.69. The company had a trading volume of 166,801 shares, compared to its average volume of 125,670. The stock has a market capitalization of $2.70 billion, a PE ratio of -102.54 and a beta of 1.28. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.87. ATS Corporation has a one year low of $20.90 and a one year high of $33.13. The business's 50-day moving average is $29.86 and its 200 day moving average is $28.12.

ATS (NYSE:ATS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. The firm had revenue of $541.11 million during the quarter, compared to analysts' expectations of $712.16 million. ATS had a negative net margin of 1.44% and a positive return on equity of 7.79%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. ATS has set its Q2 2026 guidance at EPS. Equities research analysts forecast that ATS Corporation will post 1.02 EPS for the current fiscal year.

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.