The Manufacturers Life Insurance Company Sells 2,163,640 Shares of ATS Co. (NYSE:ATS)

The Manufacturers Life Insurance Company lessened its position in shares of ATS Co. (NYSE:ATS - Free Report) by 77.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 637,385 shares of the company's stock after selling 2,163,640 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.65% of ATS worth $19,465,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of ATS by 94.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company's stock valued at $54,000 after purchasing an additional 860 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of ATS by 561.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company's stock worth $66,000 after buying an additional 1,843 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of ATS by 7.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock worth $199,000 after buying an additional 478 shares during the last quarter. Mariner LLC raised its position in shares of ATS by 8.0% during the 4th quarter. Mariner LLC now owns 9,328 shares of the company's stock valued at $284,000 after buying an additional 689 shares in the last quarter. Finally, Procyon Advisors LLC bought a new position in shares of ATS in the 4th quarter valued at about $293,000. Institutional investors own 75.84% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded ATS to a "hold" rating in a research report on Tuesday, April 29th.

ATS Trading Down 0.5 %

Shares of ATS stock traded down $0.12 during trading hours on Wednesday, reaching $25.34. 32,109 shares of the stock were exchanged, compared to its average volume of 126,088. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. ATS Co. has a 12-month low of $20.90 and a 12-month high of $35.42. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 38.44 and a beta of 1.06. The company's 50-day moving average price is $25.66 and its 200-day moving average price is $28.20.

ATS (NYSE:ATS - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. As a group, equities analysts anticipate that ATS Co. will post 1.02 earnings per share 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.