ATS Corporation (NYSE:ATS) Stake Boosted by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. raised its stake in ATS Corporation (NYSE:ATS - Free Report) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 806,997 shares of the company's stock after buying an additional 89,426 shares during the period. ATS comprises about 6.3% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 8th biggest position. Galibier Capital Management Ltd. owned 0.82% of ATS worth $20,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of 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 during the last quarter. Steph & Co. grew its holdings in shares of 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. Northwest & Ethical Investments L.P. grew its holdings in shares of ATS by 7.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock valued at $199,000 after purchasing an additional 478 shares during the last quarter. Cidel Asset Management Inc. grew its holdings in shares of ATS by 8.5% during the 1st quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company's stock valued at $207,000 after purchasing an additional 650 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of 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. Institutional investors own 75.84% of the company's stock.

ATS Stock Performance

Shares of ATS stock traded down $0.05 during trading hours on Friday, reaching $29.51. The company had a trading volume of 125,101 shares, compared to its average volume of 133,412. The business has a fifty day moving average price of $29.33 and a 200-day moving average price of $27.89. ATS Corporation has a one year low of $20.90 and a one year high of $34.32. The firm has a market cap of $2.88 billion, a PE ratio of -155.29 and a beta of 1.28. 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 (NYSE:ATS - Get Free Report) last announced its 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. The company had revenue of $503.20 million during the quarter, compared to analyst estimates of $687.03 million. ATS had a negative net margin of 1.00% and a positive return on equity of 8.38%. The firm's revenue for the quarter was down 27.5% compared to the same quarter last year. Sell-side analysts predict that ATS Corporation will post 1.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.