ATS (NYSE:ATS) Stock Rating Lowered by Wall Street Zen

ATS (NYSE:ATS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

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

ATS Stock Performance

ATS stock traded up $0.25 during trading hours on Friday, reaching $30.77. 108,943 shares of the stock were exchanged, compared to its average volume of 128,814. ATS has a 52-week low of $20.90 and a 52-week high of $34.32. The stock has a market cap of $3.00 billion, a P/E ratio of 46.62 and a beta of 1.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.92. The firm's 50 day moving average is $26.13 and its 200 day moving average is $27.88.

ATS (NYSE:ATS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. ATS had a net margin of 3.27% and a return on equity of 9.95%. The firm had revenue of $503.20 million during the quarter, compared to the consensus estimate of $687.03 million. The business's revenue was down 27.5% on a year-over-year basis. Analysts predict that ATS will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On ATS

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Beutel Goodman & Co Ltd. grew its stake in shares of ATS by 497.7% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,515,682 shares of the company's stock valued at $198,614,000 after buying an additional 5,425,613 shares during the period. Fairfax Financial Holdings Ltd. Can boosted its holdings in ATS by 4,285.2% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 2,486,400 shares of the company's stock valued at $73,871,000 after acquiring an additional 2,429,700 shares during the last quarter. EdgePoint Investment Group Inc. grew its position in ATS by 41.7% during the first quarter. EdgePoint Investment Group Inc. now owns 5,017,996 shares of the company's stock valued at $125,100,000 after acquiring an additional 1,477,357 shares during the period. Hill City Capital LP acquired a new stake in ATS during the first quarter worth about $32,405,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in ATS by 333.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,671,264 shares of the company's stock worth $50,905,000 after acquiring an additional 1,285,598 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company's stock.

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.