Turtle Creek Asset Management Inc. Cuts Holdings in ATS Co. (NYSE:ATS)

Turtle Creek Asset Management Inc. reduced its stake in ATS Co. (NYSE:ATS - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,338,573 shares of the company's stock after selling 567,696 shares during the period. ATS makes up about 6.6% of Turtle Creek Asset Management Inc.'s investment portfolio, making the stock its biggest holding. Turtle Creek Asset Management Inc. owned approximately 8.51% of ATS worth $254,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Beutel Goodman & Co Ltd. grew its stake in shares of ATS by 497.7% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,515,682 shares of the company's stock valued at $198,614,000 after acquiring an additional 5,425,613 shares in the last quarter. Fairfax Financial Holdings Ltd. Can grew its stake 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 valued at $73,871,000 after acquiring an additional 2,429,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of ATS by 333.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,671,264 shares of the company's stock valued at $50,905,000 after acquiring an additional 1,285,598 shares in the last quarter. Norges Bank acquired a new stake in shares of ATS during the fourth quarter valued at about $31,295,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of ATS by 76.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,635,224 shares of the company's stock valued at $48,408,000 after acquiring an additional 710,923 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Stock Down 6.1%

NYSE:ATS traded down $1.72 during mid-day trading on Wednesday, reaching $26.47. The stock had a trading volume of 134,647 shares, compared to its average volume of 123,550. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 40.10 and a beta of 1.06. ATS Co. has a 1-year low of $20.90 and a 1-year high of $34.32. The stock's 50 day simple moving average is $25.66 and its two-hundred day simple moving average is $27.95. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded ATS to a "hold" rating in a research note on Tuesday, April 29th.

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.