Massachusetts Financial Services Co. MA Decreases Stock Holdings in ATS Corporation (NYSE:ATS)

Massachusetts Financial Services Co. MA lowered its stake in shares of ATS Corporation (NYSE:ATS - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATS. Vanguard Group Inc. lifted its holdings in shares of ATS by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock worth $98,486,000 after buying an additional 51,365 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ATS by 1.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,571 shares of the company's stock worth $2,547,000 after buying an additional 1,053 shares in the last quarter. Norges Bank purchased a new stake in shares of ATS in the fourth quarter worth about $31,295,000. Mariner LLC lifted its holdings in shares of ATS by 8.0% in the fourth quarter. Mariner LLC now owns 9,328 shares of the company's stock worth $284,000 after buying an additional 689 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of ATS by 79.3% in the fourth quarter. Bank of America Corp DE now owns 808,052 shares of the company's stock worth $24,629,000 after buying an additional 357,322 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

ATS Price Performance

Shares of ATS stock traded up $0.41 during trading hours on Wednesday, hitting $31.33. 153,227 shares of the company's stock were exchanged, compared to its average volume of 135,174. The company has a market capitalization of $3.06 billion, a PE ratio of -164.92 and a beta of 1.28. ATS Corporation has a 12-month low of $20.90 and a 12-month high of $33.13. The business's 50 day simple moving average is $30.04 and its 200-day simple moving average is $27.90. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 0.96.

ATS (NYSE:ATS - Get Free Report) last posted its quarterly 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 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 firm's revenue for the quarter was down 27.5% compared to the same quarter last year. On average, equities research analysts anticipate that ATS Corporation will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ATS shares. 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 note on Saturday, July 5th.

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.