Mackenzie Financial Corp Increases Holdings in ATS Corporation (NYSE:ATS)

Key Points

• Mackenzie Financial Corp has boosted its stake in ATS Corporation by 6.0%, now owning 1.23% of the company with a value of approximately $29.9 million.
• Several institutional investors, including Cidel Asset Management Inc. and Procyon Advisors LLC, have also increased their positions in ATS, indicating strong institutional interest in the stock.
• ATS Corporation's stock is currently trading at $31.31 and has reported a 27.5% decline in quarterly revenue compared to the same period last year.

Mackenzie Financial Corp raised its holdings in shares of ATS Corporation (NYSE:ATS - Free Report) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,200,263 shares of the company's stock after purchasing an additional 68,342 shares during the period. Mackenzie Financial Corp owned 1.23% of ATS worth $29,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased 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 in the last quarter. Steph & Co. increased its stake in ATS by 223.6% during the 1st quarter. Steph & Co. now owns 5,317 shares of the company's stock worth $133,000 after purchasing an additional 3,674 shares in the last quarter. Cidel Asset Management Inc. increased its stake in ATS by 8.5% during the 1st quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company's stock worth $207,000 after purchasing an additional 650 shares in the last quarter. Deutsche Bank AG increased its stake in ATS by 41.6% during the 4th quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock worth $223,000 after purchasing an additional 2,149 shares in the last quarter. Finally, Procyon Advisors LLC increased its stake in ATS by 15.1% during 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. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Price Performance

ATS stock traded down $0.44 during midday trading on Friday, reaching $29.91. The company had a trading volume of 120,511 shares, compared to its average volume of 171,757. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -157.42 and a beta of 1.28. The stock has a 50 day moving average price of $30.61 and a 200-day moving average price of $28.06. ATS Corporation has a 1-year low of $20.90 and a 1-year high of $33.13. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.69 and a quick ratio of 1.41.

ATS (NYSE:ATS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $503.20 million during the quarter, compared to the consensus estimate of $687.03 million. ATS had a positive return on equity of 8.38% and a negative net margin of 1.00%. The business's revenue was down 27.5% on a year-over-year basis. Equities research analysts expect that ATS Corporation will post 1.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ATS shares. Wall Street Zen raised shares of ATS from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Scotiabank raised shares of ATS to a "hold" rating in a research note on Tuesday, April 29th.

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.