Russell Investments Group Ltd. Raises Position in ATS Corporation $ATS

Key Points

• Russell Investments Group Ltd. increased its stake in ATS Corporation by 22.6% in Q1, owning approximately 80,236 shares valued at $2 million.
• Other institutional investors, including Tower Research Capital and Deutsche Bank AG, significantly boosted their stakes, leading to hedge funds and institutions owning 75.84% of ATS stock.
• ATS Corporation reported an EPS of $0.30 for the last quarter, exceeding analyst expectations, with revenue of $541.11 million.

Russell Investments Group Ltd. increased its position in ATS Corporation (NYSE:ATS - Free Report) by 22.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,236 shares of the company's stock after purchasing an additional 14,778 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of ATS worth $2,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairfax Financial Holdings Ltd. Can increased its position in shares of ATS by 4,285.2% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 2,486,400 shares of the company's stock worth $73,871,000 after acquiring an additional 2,429,700 shares in the last quarter. Bank of America Corp DE grew its stake in shares of ATS by 79.3% in the 4th quarter. Bank of America Corp DE now owns 808,052 shares of the company's stock worth $24,629,000 after acquiring an additional 357,322 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in ATS by 18.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,976,154 shares of the company's stock worth $49,266,000 after purchasing an additional 304,890 shares in the last quarter. TD Asset Management Inc increased its stake in ATS by 32.1% in the 1st quarter. TD Asset Management Inc now owns 1,156,862 shares of the company's stock valued at $28,832,000 after buying an additional 280,831 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in ATS by 24.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,131,921 shares of the company's stock valued at $34,485,000 after buying an additional 221,816 shares during the last quarter. Institutional investors own 75.84% of the company's stock.

ATS Stock Performance

NYSE ATS traded up $0.14 during trading on Friday, hitting $27.69. 166,801 shares of the company's stock traded hands, compared to its average volume of 125,670. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 27.83 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 company has a debt-to-equity ratio of 0.87, a quick ratio of 1.32 and a current ratio of 1.62. The business has a 50 day moving average of $29.86 and a 200-day moving average of $28.12.

ATS (NYSE:ATS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $541.11 million for the quarter, compared to the consensus estimate of $712.16 million. During the same quarter in the prior year, the business posted $0.50 earnings per share. The business's quarterly revenue was up 6.1% on a year-over-year basis. ATS has set its Q2 2026 guidance at EPS. As a group, equities research analysts anticipate that ATS Corporation will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.