ATS Corporation (NYSE:ATS) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in ATS Corporation (NYSE:ATS - Free Report) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 696,840 shares of the company's stock after purchasing an additional 28,700 shares during the period. Principal Financial Group Inc. owned about 0.71% of ATS worth $17,367,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ATS. Vanguard Group Inc. lifted its position in ATS by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock valued at $98,486,000 after acquiring an additional 51,365 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ATS by 1.3% during 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 valued at $2,547,000 after acquiring an additional 1,053 shares during the last quarter. Norges Bank purchased a new stake in ATS during the fourth quarter valued at approximately $31,295,000. Mariner LLC lifted its position in ATS by 8.0% during the fourth quarter. Mariner LLC now owns 9,328 shares of the company's stock valued at $284,000 after acquiring an additional 689 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in ATS by 79.3% during the fourth quarter. Bank of America Corp DE now owns 808,052 shares of the company's stock valued at $24,629,000 after acquiring an additional 357,322 shares during the last quarter. Hedge funds and other institutional investors own 75.84% of the company's stock.

Wall Street Analyst Weigh In

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

ATS Stock Performance

Shares of NYSE ATS traded down $0.05 during midday trading on Friday, reaching $29.51. The company had a trading volume of 125,101 shares, compared to its average volume of 133,652. The business's 50-day simple moving average is $29.33 and its 200 day simple moving average is $27.86. The stock has a market cap of $2.88 billion, a P/E ratio of -155.29 and a beta of 1.28. ATS Corporation has a 1 year low of $20.90 and a 1 year high of $34.32. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $503.20 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 27.5% on a year-over-year basis. On average, analysts forecast 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.