Mackenzie Financial Corp Cuts Holdings in ATS Co. (NYSE:ATS)

Mackenzie Financial Corp decreased its stake in ATS Co. (NYSE:ATS - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,202,054 shares of the company's stock after selling 415,451 shares during the period. Mackenzie Financial Corp owned about 1.22% of ATS worth $51,834,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake 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 valued at $36,000 after acquiring an additional 825 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of ATS during the second quarter valued at $38,000. Lazard Asset Management LLC bought a new position in shares of ATS during the third quarter valued at $55,000. Franklin Resources Inc. bought a new position in ATS during the second quarter worth $230,000. Finally, Psagot Value Holdings Ltd. Israel bought a new position in ATS during the third quarter worth $234,000. Institutional investors own 75.84% of the company's stock.

ATS Stock Up 1.1 %

NYSE:ATS traded up $0.34 during trading hours on Wednesday, reaching $30.29. The company had a trading volume of 270,344 shares, compared to its average volume of 83,521. 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 firm has a market cap of $3.00 billion and a price-to-earnings ratio of 22.35. The business's 50-day simple moving average is $36.24 and its two-hundred day simple moving average is $38.66. ATS Co. has a twelve month low of $29.78 and a twelve month high of $48.89.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of ATS in a research note on Tuesday, March 26th. They set a "sell" rating and a $34.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of ATS in a research note on Wednesday, December 20th. They set a "neutral" rating and a $45.00 target price for the company.

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.