Burgundy Asset Management Ltd. Cuts Stake in ATS Co. (NYSE:ATS)

Burgundy Asset Management Ltd. reduced its position in ATS Co. (NYSE:ATS - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,450,528 shares of the company's stock after selling 11,298 shares during the quarter. Burgundy Asset Management Ltd. owned about 1.48% of ATS worth $44,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Beutel Goodman & Co Ltd. grew its holdings in shares of ATS by 497.7% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,515,682 shares of the company's stock valued at $198,614,000 after buying an additional 5,425,613 shares during the last quarter. Fairfax Financial Holdings Ltd. Can grew its holdings in shares of ATS by 4,285.2% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 2,486,400 shares of the company's stock valued at $73,871,000 after buying an additional 2,429,700 shares during the last quarter. 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 valued at $50,905,000 after buying an additional 1,285,598 shares during the last quarter. Norges Bank purchased a new stake in shares of ATS during the fourth quarter valued at $31,295,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of ATS by 76.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,635,224 shares of the company's stock valued at $48,408,000 after buying an additional 710,923 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ATS Price Performance

Shares of ATS opened at $25.79 on Friday. The firm has a market capitalization of $2.53 billion, a PE ratio of 39.08 and a beta of 1.06. The company's fifty day moving average price is $25.61 and its 200-day moving average price is $27.91. ATS Co. has a 1-year low of $20.90 and a 1-year high of $34.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58.

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.

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