Jupiter Topco LLC bought a new position in shares of ATS Corporation (NYSE:ATS – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 2,322,073 shares of the company’s stock, valued at approximately $66,908,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in ATS by 187.1% during the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock worth $83,269,000 after buying an additional 1,970,040 shares during the last quarter. Hill City Capital LP bought a new position in shares of ATS during the 2nd quarter valued at approximately $47,483,000. Janus Henderson Group PLC increased its stake in shares of ATS by 166.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after purchasing an additional 1,435,375 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of ATS during the 2nd quarter worth approximately $33,904,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ATS in the 2nd quarter worth approximately $31,371,000. 75.84% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada cut their price target on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Zacks Research cut ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Desjardins started coverage on ATS in a research report on Tuesday, June 16th. They set a “buy” rating on the stock. Finally, TD Securities lowered ATS from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.50.
ATS Stock Performance
NYSE:ATS opened at $19.37 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. ATS Corporation has a fifty-two week low of $19.05 and a fifty-two week high of $35.82. The firm has a market cap of $1.90 billion, a PE ratio of 56.97 and a beta of 1.22. The business has a 50 day moving average price of $25.06 and a 200-day moving average price of $28.87.
ATS (NYSE:ATS – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). ATS had a return on equity of 8.96% and a net margin of 1.60%.The firm had revenue of $488.38 million during the quarter, compared to the consensus estimate of $509.71 million. During the same period last year, the business earned $0.41 EPS. ATS’s revenue was down 5.8% on a year-over-year basis. Equities research analysts predict that ATS Corporation will post 1.12 earnings per share for the current year.
About ATS
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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