Vanguard Group Inc. increased its holdings in ATS Corporation (NYSE:ATS – Free Report) by 1.7% during the fourth quarter, HoldingsChannel reports. The fund owned 3,397,166 shares of the company’s stock after acquiring an additional 55,731 shares during the quarter. Vanguard Group Inc.’s holdings in ATS were worth $93,582,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in ATS by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 874,140 shares of the company’s stock worth $22,874,000 after purchasing an additional 90,700 shares in the last quarter. CIBC Asset Management Inc grew its position in ATS by 69.2% in the 3rd quarter. CIBC Asset Management Inc now owns 134,854 shares of the company’s stock worth $3,524,000 after purchasing an additional 55,151 shares in the last quarter. Granite Investment Partners LLC grew its position in ATS by 34.5% in the 3rd quarter. Granite Investment Partners LLC now owns 205,847 shares of the company’s stock worth $5,393,000 after purchasing an additional 52,807 shares in the last quarter. Bastion Asset Management Inc. bought a new stake in ATS in the 3rd quarter worth about $1,904,000. Finally, Alberta Investment Management Corp bought a new stake in ATS in the 3rd quarter worth about $11,061,000. 75.84% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
ATS has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of ATS from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. TD Securities reaffirmed a “buy” rating on shares of ATS in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ATS in a research report on Monday, April 20th. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Finally, Zacks Research downgraded shares of ATS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.00.
ATS Stock Down 1.1%
ATS stock opened at $32.96 on Thursday. ATS Corporation has a twelve month low of $23.84 and a twelve month high of $35.70. The firm has a 50 day moving average price of $31.10 and a 200-day moving average price of $29.32. The company has a market capitalization of $3.23 billion, a P/E ratio of 219.73 and a beta of 1.26. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.82.
ATS Company Profile
ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.
Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.
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