National Bank of Canada FI Sells 71,257 Shares of ATS Corporation (NYSE:ATS)

National Bank of Canada FI lessened its holdings in shares of ATS Corporation (NYSE:ATS - Free Report) by 14.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422,344 shares of the company's stock after selling 71,257 shares during the period. National Bank of Canada FI owned approximately 0.43% of ATS worth $10,306,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ATS. Dimensional Fund Advisors LP boosted its position 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 period. Cidel Asset Management Inc. lifted its stake 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 worth $207,000 after buying an additional 650 shares during the last quarter. Mariner LLC boosted its holdings in shares of ATS by 8.0% during 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ATS by 1.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,571 shares of the company's stock valued at $2,547,000 after buying an additional 1,053 shares during 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 valued at $276,000 after acquiring an additional 1,456 shares during the period. Institutional investors own 75.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen raised ATS from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Scotiabank upgraded ATS to a "hold" rating in a research report on Tuesday, April 29th.

ATS Stock Performance

Shares of ATS stock traded down $0.70 during trading on Friday, reaching $27.66. The company's stock had a trading volume of 186,883 shares, compared to its average volume of 137,912. The business's 50-day moving average price is $30.57 and its 200-day moving average price is $28.17. The firm has a market cap of $2.70 billion, a PE ratio of -102.44 and a beta of 1.28. ATS Corporation has a 52 week low of $20.90 and a 52 week high of $33.13. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.87.

ATS (NYSE:ATS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The company had revenue of $541.11 million during the quarter, compared to analysts' expectations of $712.16 million. ATS had a negative net margin of 1.44% and a positive return on equity of 7.79%. ATS's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. Equities analysts forecast that ATS Corporation will post 1.02 earnings per share for the current year.

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.