Legal & General Group Plc Sells 84,252 Shares of ATS Co. (NYSE:ATS)

Legal & General Group Plc lessened its holdings in ATS Co. (NYSE:ATS - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421,882 shares of the company's stock after selling 84,252 shares during the period. Legal & General Group Plc owned 0.43% of ATS worth $12,868,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ATS. Barclays PLC acquired a new stake in ATS in the 3rd quarter worth approximately $510,000. Thurston Springer Miller Herd & Titak Inc. increased its position in ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company's stock worth $54,000 after acquiring an additional 860 shares during the period. Public Employees Retirement System of Ohio bought a new stake in ATS in the 3rd quarter valued at $722,000. abrdn plc increased its holdings in ATS by 38.5% in the 4th quarter. abrdn plc now owns 13,267 shares of the company's stock valued at $401,000 after buying an additional 3,685 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of ATS by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock worth $98,486,000 after acquiring an additional 51,365 shares during the period. 75.84% of the stock is owned by institutional investors and hedge funds.

ATS Price Performance

ATS traded down $0.49 during midday trading on Monday, reaching $23.93. 8,573 shares of the company's stock were exchanged, compared to its average volume of 128,202. ATS Co. has a one year low of $20.90 and a one year high of $35.42. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 36.25 and a beta of 1.10. The business has a 50-day simple moving average of $26.67 and a two-hundred day simple moving average of $28.62. The company has a quick ratio of 1.58, a current ratio of 1.92 and a debt-to-equity ratio of 0.97.

ATS (NYSE:ATS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. As a group, research analysts predict that ATS Co. will post 1.02 EPS for the current year.

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.