ATS Co. (NYSE:ATS) is Fairfax Financial Holdings Ltd. Can’s 7th Largest Position

Fairfax Financial Holdings Ltd. Can raised its stake in ATS Co. (NYSE:ATS) by 4,285.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,486,400 shares of the company’s stock after buying an additional 2,429,700 shares during the period. ATS makes up approximately 4.7% of Fairfax Financial Holdings Ltd. Can’s holdings, making the stock its 7th largest holding. Fairfax Financial Holdings Ltd. Can owned about 2.54% of ATS worth $73,871,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of ATS by 94.3% in the 4th 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 boosted its position in ATS by 561.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company’s stock valued at $66,000 after purchasing an additional 1,843 shares during the period. 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 acquiring an additional 478 shares during the period. Deutsche Bank AG boosted its position in shares of ATS by 41.6% during the fourth quarter. Deutsche Bank AG now owns 7,320 shares of the company’s stock worth $223,000 after buying an additional 2,149 shares during the period. Finally, Mariner LLC raised its stake in shares of ATS by 8.0% during the fourth quarter. Mariner LLC now owns 9,328 shares of the company’s stock valued at $284,000 after purchasing an additional 689 shares in the last quarter. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank upgraded shares of ATS to a “hold” rating in a report on Tuesday, April 29th.

ATS Stock Performance

ATS stock opened at $25.17 on Friday. The firm has a market capitalization of $2.47 billion, a P/E ratio of 38.14 and a beta of 1.06. The stock has a fifty day moving average price of $25.52 and a two-hundred day moving average price of $28.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. ATS Co. has a 52-week low of $20.90 and a 52-week high of $35.42.

ATS (NYSE:ATS) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. As a group, analysts anticipate that ATS Co. will post 1.02 EPS for the current fiscal year.

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.