ATS Corporation $ATS Shares Bought by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its stake in ATS Corporation by 21.8% in Q1, owning approximately 6.62% of the company valued at $161.55 million.
• ATS reported an earnings per share of $0.30, exceeding analysts' forecasts of $0.27, despite having a revenue of $541.11 million, which fell short of the expected $712.16 million.
• Wall Street analysts have upgraded ATS's rating from "sell" to "hold," with a consensus rating of "Hold" currently in place.

Royal Bank of Canada raised its holdings in shares of ATS Corporation (NYSE:ATS - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,480,168 shares of the company's stock after purchasing an additional 1,161,204 shares during the quarter. Royal Bank of Canada owned 6.62% of ATS worth $161,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in shares of ATS by 561.9% during the fourth 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 during the last quarter. Steph & Co. lifted its position in shares of ATS by 223.6% during the first quarter. Steph & Co. now owns 5,317 shares of the company's stock worth $133,000 after purchasing an additional 3,674 shares during the last quarter. Deutsche Bank AG lifted its position in shares of ATS by 41.6% during the fourth quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock worth $223,000 after purchasing an additional 2,149 shares during the last quarter. Cidel Asset Management Inc. lifted its position in shares of ATS by 8.5% during the first quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company's stock worth $207,000 after purchasing an additional 650 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of ATS by 27.7% during the first quarter. Northwest & Ethical Investments L.P. now owns 8,333 shares of the company's stock worth $208,000 after purchasing an additional 1,806 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded ATS from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, ATS currently has a consensus rating of "Hold".

ATS Stock Down 0.3%

ATS traded down $0.07 on Monday, hitting $27.54. The company had a trading volume of 11,572 shares, compared to its average volume of 135,422. The stock has a fifty day moving average price of $29.45 and a 200-day moving average price of $28.04. ATS Corporation has a 12-month low of $20.90 and a 12-month high of $33.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.32 and a current ratio of 1.62. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of -101.96 and a beta of 1.28.

ATS (NYSE:ATS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. ATS had a positive return on equity of 7.79% and a negative net margin of 1.44%.The business had revenue of $541.11 million for the quarter, compared to analyst estimates of $712.16 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. ATS has set its Q2 2026 guidance at EPS. Analysts predict that ATS Corporation will post 1.02 EPS for the current fiscal 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.