TD Asset Management Inc Acquires 122,017 Shares of ATS Corporation $ATS

Key Points

• TD Asset Management Inc increased its stake in ATS Corporation by 10.5% in Q2, acquiring an additional 122,017 shares, resulting in total holdings of 1,278,879 shares valued at approximately $40.7 million.
• ATS Corporation reported $0.30 earnings per share for its latest quarter, surpassing the consensus estimate, although revenue fell short of expectations at $541.11 million.
• Institutional investors now control 75.84% of ATS Corporation's stock, indicating significant institutional interest in the company.

TD Asset Management Inc boosted its holdings in ATS Corporation (NYSE:ATS - Free Report) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,278,879 shares of the company's stock after purchasing an additional 122,017 shares during the quarter. TD Asset Management Inc owned about 1.31% of ATS worth $40,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Montrusco Bolton Investments Inc. bought a new stake in shares of ATS during the second quarter valued at approximately $10,146,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of ATS during the second quarter valued at approximately $233,000. Aberdeen Group plc increased its holdings in shares of ATS by 21.5% during the second quarter. Aberdeen Group plc now owns 16,205 shares of the company's stock valued at $517,000 after acquiring an additional 2,869 shares in the last quarter. Nicola Wealth Management LTD. increased its holdings in shares of ATS by 22.5% during the first quarter. Nicola Wealth Management LTD. now owns 523,300 shares of the company's stock valued at $13,049,000 after acquiring an additional 96,000 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership bought a new stake in shares of ATS during the first quarter valued at approximately $9,627,000. Institutional investors own 75.84% of the company's stock.

ATS Stock Up 0.5%

Shares of NYSE:ATS opened at $26.42 on Friday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -97.85 and a beta of 1.24. 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 Corporation has a 12-month low of $20.90 and a 12-month high of $33.13. The business's 50 day moving average is $27.18 and its 200 day moving average is $27.89.

ATS (NYSE:ATS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share 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 business had revenue of $541.11 million for the quarter, compared to analysts' expectations of $712.16 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. ATS has set its Q2 2026 guidance at EPS. On average, sell-side analysts forecast that ATS Corporation will post 1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ATS. Zacks Research upgraded ATS from a "strong sell" rating to a "hold" rating in a report on Tuesday. Weiss Ratings restated a "sell (d)" rating on shares of ATS in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded ATS from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.