386,294 Shares in ATS Corporation $ATS Acquired by Foresight Group Ltd Liability Partnership

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 purchased a new stake in shares of ATS Corporation (NYSE:ATS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Steph & Co. raised its position 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 raised its holdings in shares of ATS by 41.6% during the fourth quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock valued at $223,000 after acquiring an additional 2,149 shares in the last quarter. Cidel Asset Management Inc. raised its holdings 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 valued at $207,000 after acquiring an additional 650 shares in the last quarter. Northwest & Ethical Investments L.P. raised its holdings 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 valued at $208,000 after acquiring an additional 1,806 shares in the last quarter. Finally, Procyon Advisors LLC raised its holdings in ATS by 15.1% in the 1st quarter. Procyon Advisors LLC now owns 11,084 shares of the company's stock worth $276,000 after purchasing an additional 1,456 shares in the last quarter. Institutional investors own 75.84% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of 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 MarketBeat.com, ATS presently has a consensus rating of "Hold".

ATS Stock Down 0.3%

ATS traded down $0.09 during trading on Tuesday, reaching $27.64. The stock had a trading volume of 17,671 shares, compared to its average volume of 134,261. The stock's 50 day moving average is $28.90 and its two-hundred day moving average is $27.95. 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 market capitalization of $2.70 billion, a price-to-earnings ratio of -102.41 and a beta of 1.28. ATS Corporation has a one year low of $20.90 and a one year high of $33.13.

ATS (NYSE:ATS - Get Free Report) last released its earnings results 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 firm had revenue of $541.11 million for the quarter, compared to the consensus estimate 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 was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. ATS has set its Q2 2026 guidance at EPS. As a group, analysts expect that ATS Corporation will post 1.02 earnings per share 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.