Granite Investment Partners LLC Sells 30,845 Shares of ATS Corporation $ATS

Granite Investment Partners LLC decreased its holdings in shares of ATS Corporation (NYSE:ATS – Free Report) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,031 shares of the company’s stock after selling 30,845 shares during the quarter. Granite Investment Partners LLC’s holdings in ATS were worth $4,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pictet Asset Management Holding SA lifted its holdings in ATS by 2.6% in the first quarter. Pictet Asset Management Holding SA now owns 16,423 shares of the company’s stock valued at $461,000 after buying an additional 417 shares during the period. Purpose Unlimited Inc. acquired a new stake in ATS during the 4th quarter worth $793,000. Invesco Ltd. grew its holdings in ATS by 6.3% during the 4th quarter. Invesco Ltd. now owns 1,272,222 shares of the company’s stock worth $35,037,000 after acquiring an additional 75,490 shares during the period. SkyView Investment Advisors LLC bought a new stake in shares of ATS during the 4th quarter valued at $302,000. Finally, Guardian Capital LP bought a new stake in shares of ATS during the 4th quarter valued at $1,298,000. 75.84% of the stock is owned by institutional investors.

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ATS Stock Down 1.4%

Shares of NYSE:ATS opened at $27.19 on Thursday. The company has a 50 day moving average price of $30.19 and a two-hundred day moving average price of $30.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.64. The company has a market capitalization of $2.67 billion, a PE ratio of 52.29 and a beta of 1.21. ATS Corporation has a 52 week low of $23.84 and a 52 week high of $35.82.

ATS (NYSE:ATS – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). ATS had a return on equity of 9.40% and a net margin of 2.40%.The firm had revenue of $535.09 million for the quarter, compared to the consensus estimate of $529.43 million. Analysts forecast that ATS Corporation will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ATS shares. Royal Bank Of Canada cut their price target on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Desjardins started coverage on ATS in a research note on Tuesday, June 16th. They set a “buy” rating for the company. Weiss Ratings raised ATS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Finally, Zacks Research cut ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.50.

View Our Latest Analysis on ATS

ATS Company Profile

(Free Report)

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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