Triasima Portfolio Management inc. Has $15.29 Million Stock Holdings in ATS Co. (NYSE:ATS)

Triasima Portfolio Management inc. lowered its stake in ATS Co. (NYSE:ATS - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 354,165 shares of the company's stock after selling 215,915 shares during the period. ATS makes up approximately 1.3% of Triasima Portfolio Management inc.'s portfolio, making the stock its 26th biggest holding. Triasima Portfolio Management inc. owned about 0.36% of ATS worth $15,293,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in ATS during the second quarter worth $403,000. Barclays PLC acquired a new position in ATS during the second quarter worth $612,000. Citigroup Inc. acquired a new position in ATS during the second quarter worth $358,000. Osaic Holdings Inc. acquired a new position in ATS during the second quarter worth $38,000. Finally, JPMorgan Chase & Co. acquired a new position in ATS during the second quarter worth $15,568,000. Institutional investors and hedge funds own 75.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ATS. 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 price objective on the stock. JPMorgan Chase & Co. assumed coverage on ATS in a research report on Wednesday, December 20th. They issued a "neutral" rating and a $45.00 price objective on the stock.

ATS Stock Down 2.9 %

Shares of ATS stock traded down $0.91 on Friday, hitting $30.29. The stock had a trading volume of 125,296 shares, compared to its average volume of 115,598. The stock's 50 day moving average is $36.78 and its 200-day moving average is $38.90. The firm has a market capitalization of $3.00 billion and a price-to-earnings ratio of 22.60. ATS Co. has a 52-week low of $30.15 and a 52-week high of $48.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.41 and a current ratio of 1.70.

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

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.