Foresight Group Ltd Liability Partnership Acquires New Position in ATS Corporation $ATS

Key Points

• Foresight Group Ltd Liability Partnership has acquired a new position in ATS Corporation, purchasing 386,294 shares valued at approximately $9.6 million.
• Several hedge funds, including Royal Bank of Canada and EdgePoint Investment Group, have increased their stakes in ATS, leading to a total of 75.84% of the company's stock being held by institutional investors.
• ATS reported earnings of $0.30 per share for the last quarter, exceeding analysts' estimates, but its revenue of $541.11 million fell short of expectations.

Foresight Group Ltd Liability Partnership bought a new position in shares of ATS Corporation (NYSE:ATS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 386,294 shares of the company's stock, valued at approximately $9,627,000. Foresight Group Ltd Liability Partnership owned about 0.39% of ATS as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of ATS by 21.8% in the 1st quarter. Royal Bank of Canada now owns 6,480,168 shares of the company's stock valued at $161,550,000 after acquiring an additional 1,161,204 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in ATS by 41.7% during the first quarter. EdgePoint Investment Group Inc. now owns 5,017,996 shares of the company's stock valued at $125,100,000 after purchasing an additional 1,477,357 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of ATS by 18.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,976,154 shares of the company's stock worth $49,266,000 after purchasing an additional 304,890 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of ATS by 21.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,768,782 shares of the company's stock worth $44,133,000 after buying an additional 318,254 shares during the last quarter. Finally, Hill City Capital LP acquired a new position in shares of ATS in the 1st quarter valued at about $32,405,000. Institutional investors and hedge funds own 75.84% of the company's stock.

ATS Stock Performance

Shares of ATS opened at $26.76 on Thursday. The firm has a fifty day moving average of $29.15 and a 200-day moving average of $28.01. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -99.09 and a beta of 1.27. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.32 and a current ratio of 1.62. ATS Corporation has a 1 year low of $20.90 and a 1 year high of $33.13.

ATS (NYSE:ATS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. The business had revenue of $541.11 million for 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 company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. ATS has set its Q2 2026 guidance at EPS. As a group, equities analysts anticipate that ATS Corporation will post 1.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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, ATS currently has a consensus rating of "Hold".

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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