Envestnet Asset Management Inc. Boosts Stake in ATS Corporation (NYSE:ATS)

Key Points

• Envestnet Asset Management Inc. increased its stake in ATS Corporation by 14.9% during the first quarter, owning approximately $3.15 million in stock after acquiring additional shares.
• ATS reported earnings of $0.28 EPS, beating estimates, but its revenue of $503.20 million was down 27.5% year-over-year.
• Several institutional investors, including Vanguard Group and Franklin Resources, have recently adjusted their stakes, and institutional ownership now accounts for 75.84% of ATS's shares.

Envestnet Asset Management Inc. grew its position in ATS Corporation (NYSE:ATS - Free Report) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,293 shares of the company's stock after acquiring an additional 16,372 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of ATS worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ATS. Tower Research Capital LLC TRC raised its position in ATS by 561.9% during the 4th 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 in the last quarter. Steph & Co. grew its stake in ATS by 223.6% during the 1st 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 last quarter. Deutsche Bank AG grew its stake in ATS by 41.6% during the 4th 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. Cidel Asset Management Inc. lifted its holdings in shares of ATS by 8.5% in the 1st quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company's stock valued at $207,000 after buying an additional 650 shares during the period. Finally, Mariner LLC lifted its holdings in shares of ATS by 8.0% in the 4th quarter. Mariner LLC now owns 9,328 shares of the company's stock valued at $284,000 after buying an additional 689 shares during the period. Institutional investors own 75.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATS. Wall Street Zen raised ATS from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Scotiabank upgraded ATS to a "hold" rating in a research report on Tuesday, April 29th.

ATS Stock Down 0.5%

NYSE ATS traded down $0.15 during trading on Thursday, reaching $30.57. 42,169 shares of the company's stock were exchanged, compared to its average volume of 136,791. The company has a 50 day moving average price of $30.43 and a two-hundred day moving average price of $28.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.41 and a current ratio of 1.69. ATS Corporation has a 1 year low of $20.90 and a 1 year high of $33.13. The stock has a market cap of $2.99 billion, a P/E ratio of -160.66 and a beta of 1.28.

ATS (NYSE:ATS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. ATS had a positive return on equity of 8.38% and a negative net margin of 1.00%. The firm had revenue of $503.20 million for the quarter, compared to analysts' expectations of $687.03 million. The company's revenue for the quarter was down 27.5% compared to the same quarter last year. On average, equities research analysts anticipate 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.