Turtle Creek Asset Management Inc. Has $254.16 Million Stock Position in ATS Co. (NYSE:ATS)

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

Several other hedge funds have also bought and sold shares of ATS. Toronto Dominion Bank raised its holdings in ATS by 167.5% during the fourth quarter. Toronto Dominion Bank now owns 262,860 shares of the company's stock valued at $8,008,000 after acquiring an additional 164,579 shares during the period. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in shares of ATS during the fourth quarter worth about $862,000. Fairfax Financial Holdings Ltd. Can raised its stake in ATS by 4,285.2% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 2,486,400 shares of the company's stock valued at $73,871,000 after purchasing an additional 2,429,700 shares during the period. Deutsche Bank AG lifted its holdings in ATS by 41.6% in the 4th quarter. Deutsche Bank AG now owns 7,320 shares of the company's stock worth $223,000 after purchasing an additional 2,149 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in 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 purchasing an additional 357,322 shares in the last quarter. Institutional investors own 75.84% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised shares of ATS to a "hold" rating in a report on Tuesday, April 29th.

ATS Price Performance

Shares of ATS stock traded down $0.06 during trading on Friday, reaching $25.73. 28,303 shares of the stock traded hands, compared to its average volume of 123,457. ATS Co. has a 52-week low of $20.90 and a 52-week high of $34.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. The business has a fifty day simple moving average of $25.61 and a two-hundred day simple moving average of $27.91. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 38.95 and a beta of 1.06.

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.