ATS (NYSE:ATS) Trading Up 5.7%

ATS Co. (NYSE:ATS - Get Free Report)'s share price rose 5.7% during trading on Thursday . The stock traded as high as $32.10 and last traded at $32.03. Approximately 45,079 shares changed hands during trading, a decline of 46% from the average daily volume of 82,877 shares. The stock had previously closed at $30.29.

Analysts Set New Price Targets

ATS has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on ATS in a research report on Wednesday, December 20th. They set a "neutral" rating and a $45.00 price objective on the stock. The Goldman Sachs Group began coverage on ATS in a research report on Tuesday, March 26th. They set a "sell" rating and a $34.00 price objective on the stock.

ATS Stock Performance

The business has a fifty day simple moving average of $35.79 and a two-hundred day simple moving average of $38.56. The company has a quick ratio of 1.41, a current ratio of 1.70 and a debt-to-equity ratio of 0.81. The company has a market cap of $3.12 billion and a P/E ratio of 23.55.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ATS. Van ECK Associates Corp grew its position in shares of ATS by 55.0% during the fourth quarter. Van ECK Associates Corp now owns 764 shares of the company's stock worth $33,000 after purchasing an additional 271 shares in the last quarter. Citigroup Inc. grew its position in shares of ATS by 5.4% during the third quarter. Citigroup Inc. now owns 8,193 shares of the company's stock worth $351,000 after purchasing an additional 420 shares in the last quarter. Franklin Resources Inc. grew its position in shares of ATS by 10.9% during the fourth quarter. Franklin Resources Inc. now owns 5,624 shares of the company's stock worth $242,000 after purchasing an additional 555 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of ATS during the second quarter worth about $38,000. Finally, PNC Financial Services Group Inc. grew its position in shares of ATS by 4,342.1% during the third quarter. PNC Financial Services Group Inc. now owns 844 shares of the company's stock worth $36,000 after purchasing an additional 825 shares in the last quarter. Institutional investors own 75.84% of the company's stock.

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.