EdgePoint Investment Group Inc. Buys 1,477,357 Shares of ATS Corporation $ATS

Key Points

• EdgePoint Investment Group Inc. increased its stake in ATS Corporation by 41.7% during Q1, now holding 5,017,996 shares worth approximately $125.1 million.
• Other institutional investors, including Bank of America Corp and Fairfax Financial Holdings Ltd. Can, also significantly increased their positions in ATS during the fourth quarter, indicating growing institutional interest.
• ATS Corporation's recent earnings report showed an EPS of $0.30, exceeding expectations, although revenue fell short at $541.11 million compared to the anticipated $712.16 million.

EdgePoint Investment Group Inc. increased its stake in ATS Corporation (NYSE:ATS - Free Report) by 41.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,017,996 shares of the company's stock after purchasing an additional 1,477,357 shares during the period. ATS accounts for about 1.0% of EdgePoint Investment Group Inc.'s portfolio, making the stock its 25th largest position. EdgePoint Investment Group Inc. owned about 5.12% of ATS worth $125,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in ATS by 561.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company's stock worth $66,000 after purchasing an additional 1,843 shares during the last quarter. Steph & Co. boosted its holdings in ATS by 223.6% in the first quarter. Steph & Co. now owns 5,317 shares of the company's stock valued at $133,000 after purchasing an additional 3,674 shares during the period. Cidel Asset Management Inc. increased its stake in shares of ATS by 8.5% during the first quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company's stock worth $207,000 after buying an additional 650 shares during the period. Northwest & Ethical Investments L.P. increased its stake in shares of ATS by 27.7% during the first quarter. Northwest & Ethical Investments L.P. now owns 8,333 shares of the company's stock worth $208,000 after buying an additional 1,806 shares during the period. Finally, Deutsche Bank AG increased its stake in ATS by 41.6% in the fourth quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock valued at $223,000 after purchasing an additional 2,149 shares during the last quarter. Hedge funds and other institutional investors own 75.84% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised ATS from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, ATS has an average rating of "Hold".

ATS Stock Performance

ATS traded down $0.75 during trading on Tuesday, hitting $26.80. The stock had a trading volume of 54,783 shares, compared to its average volume of 135,277. The firm has a market cap of $2.62 billion, a PE ratio of -99.18 and a beta of 1.28. ATS Corporation has a 12 month low of $20.90 and a 12 month high of $33.13. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87. The company has a 50 day simple moving average of $29.37 and a 200-day simple moving average of $28.03.

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