Massachusetts Financial Services Co. MA Has $12.79 Million Stock Position in ATS Corporation (NYSE:ATS)

Massachusetts Financial Services Co. MA decreased its holdings in ATS Corporation (NYSE:ATS - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 513,106 shares of the company's stock after selling 25,709 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.52% of ATS worth $12,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northwest & Ethical Investments L.P. increased its holdings in ATS by 7.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock worth $199,000 after purchasing an additional 478 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in ATS by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 37,463 shares of the company's stock worth $1,142,000 after purchasing an additional 479 shares during the last quarter. Cidel Asset Management Inc. grew its position in ATS by 8.5% in 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. Mariner LLC boosted its stake in shares of ATS by 8.0% in the 4th quarter. Mariner LLC now owns 9,328 shares of the company's stock worth $284,000 after buying an additional 689 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of ATS by 0.6% in the fourth quarter. Swiss National Bank now owns 164,500 shares of the company's stock valued at $5,015,000 after acquiring an additional 900 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ATS Stock Up 0.4%

NYSE:ATS opened at $31.29 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.41 and a current ratio of 1.69. The firm has a market cap of $3.06 billion, a P/E ratio of -164.68 and a beta of 1.28. ATS Corporation has a fifty-two week low of $20.90 and a fifty-two week high of $33.13. The firm has a 50-day simple moving average of $29.84 and a two-hundred day simple moving average of $27.87.

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

ATS 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.

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