TD Asset Management Inc Boosts Stake in ATS Corporation (NYSE:ATS)

Key Points

• TD Asset Management Inc increased its holdings in ATS Corporation by 32.1%, acquiring an additional 280,831 shares, which brings its total ownership to approximately 1.18% of the company.
• Other institutional investors, such as Tower Research Capital LLC and Steph & Co., have also substantially increased their stakes in ATS during recent quarters, demonstrating growing interest in the company.
• ATS Corporation recently reported earnings per share of $0.28, exceeding consensus estimates, but experienced a 27.5% year-over-year revenue decline to $503.20 million.

TD Asset Management Inc lifted its position in ATS Corporation (NYSE:ATS - Free Report) by 32.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,156,862 shares of the company's stock after purchasing an additional 280,831 shares during the quarter. TD Asset Management Inc owned about 1.18% of ATS worth $28,832,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew 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 acquiring an additional 1,843 shares during the last quarter. Steph & Co. grew its position in ATS by 223.6% in the 1st quarter. Steph & Co. now owns 5,317 shares of the company's stock valued at $133,000 after buying an additional 3,674 shares during the last quarter. Deutsche Bank AG grew its position in ATS by 41.6% in the 4th quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock valued at $223,000 after buying an additional 2,149 shares during the last quarter. Cidel Asset Management Inc. boosted its position 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 purchasing an additional 650 shares in the last quarter. Finally, Mariner LLC boosted its position 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 purchasing an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company's stock.

Analyst Ratings Changes

ATS has been the topic of a number of recent analyst reports. Scotiabank raised ATS to a "hold" rating in a research report on Tuesday, April 29th. Wall Street Zen raised ATS from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th.

ATS Stock Down 1.4%

ATS stock traded down $0.44 during midday trading on Friday, reaching $29.91. The stock had a trading volume of 120,511 shares, compared to its average volume of 171,757. ATS Corporation has a 12 month low of $20.90 and a 12 month high of $33.13. The company has a market capitalization of $2.92 billion, a P/E ratio of -157.42 and a beta of 1.28. The company has a fifty day moving average price of $30.61 and a two-hundred day moving average price of $28.06. 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 released its quarterly earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $503.20 million during the quarter, compared to the consensus estimate of $687.03 million. ATS had a positive return on equity of 8.38% and a negative net margin of 1.00%. The company's revenue for the quarter was down 27.5% compared to the same quarter last year. As a group, equities analysts expect that ATS Corporation will post 1.02 EPS 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.