ATS (NYSE:ATS) Hits New 1-Year Low at $30.11

ATS Co. (NYSE:ATS - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $30.11 and last traded at $30.17, with a volume of 21445 shares changing hands. The stock had previously closed at $30.29.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on ATS in a research report on Tuesday, March 26th. They issued a "sell" rating and a $34.00 target price on the stock. JPMorgan Chase & Co. began coverage on ATS in a report on Wednesday, December 20th. They issued a "neutral" rating and a $45.00 target price for the company.

ATS Stock Performance

The stock has a market capitalization of $2.98 billion and a PE ratio of 22.41. The stock has a fifty day moving average of $36.78 and a 200-day moving average of $38.85. The company has a quick ratio of 1.41, a current ratio of 1.70 and a debt-to-equity ratio of 0.81.

ATS (NYSE:ATS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The business had revenue of $552.45 million for the quarter, compared to analysts' expectations of $536.95 million. ATS had a return on equity of 17.56% and a net margin of 5.89%. Equities analysts anticipate that ATS Co. will post 1.82 earnings per share for the current fiscal year.

Institutional Trading of ATS

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors increased its position in ATS by 18.0% in the 4th quarter. Capital International Investors now owns 7,011,564 shares of the company's stock valued at $302,200,000 after acquiring an additional 1,068,310 shares during the period. FMR LLC increased its position in ATS by 20.7% during the 3rd quarter. FMR LLC now owns 5,371,545 shares of the company's stock worth $228,980,000 after purchasing an additional 919,932 shares during the period. Capital World Investors increased its position in ATS by 8.8% during the 4th quarter. Capital World Investors now owns 4,470,733 shares of the company's stock worth $192,690,000 after purchasing an additional 360,719 shares during the period. Vanguard Group Inc. increased its position in ATS by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,883,886 shares of the company's stock worth $124,209,000 after purchasing an additional 31,185 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in ATS by 19.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,326,984 shares of the company's stock worth $99,190,000 after purchasing an additional 385,292 shares during the period. 75.84% of the stock is owned by hedge funds and other institutional investors.

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.