ATS (NYSE:ATS – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.
ATS has been the subject of a number of other research reports. Weiss Ratings cut shares of ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, TD Securities lowered ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.50.
View Our Latest Stock Analysis on ATS
ATS Trading Up 2.8%
ATS stock opened at $18.68 on Monday. The business has a fifty day moving average of $18.95 and a 200-day moving average of $25.68. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. The company has a market cap of $1.81 billion, a P/E ratio of 54.95 and a beta of 1.18. ATS has a twelve month low of $17.15 and a twelve month high of $35.82.
ATS (NYSE:ATS – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). ATS had a net margin of 1.60% and a return on equity of 8.96%. The business had revenue of $488.38 million during the quarter, compared to analyst estimates of $509.71 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts expect that ATS will post 1.04 EPS for the current year.
Institutional Trading of ATS
Hedge funds have recently modified their holdings of the stock. Louisbourg Investments Inc. grew its position in shares of ATS by 16.4% during the 3rd quarter. Louisbourg Investments Inc. now owns 129,312 shares of the company’s stock worth $2,344,000 after purchasing an additional 18,208 shares in the last quarter. Apella Capital LLC acquired a new stake in shares of ATS during the 3rd quarter worth $325,000. Engineers Gate Manager LP lifted its position in ATS by 140.3% during the second quarter. Engineers Gate Manager LP now owns 31,363 shares of the company’s stock worth $903,000 after purchasing an additional 18,311 shares during the period. Squarepoint Ops LLC acquired a new position in shares of ATS in the 2nd quarter valued at approximately $713,000. Finally, TD Waterhouse Canada Inc. increased its stake in ATS by 3.0% in the second quarter. TD Waterhouse Canada Inc. now owns 1,683,683 shares of the company’s stock valued at $47,431,000 after acquiring an additional 49,234 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.
About ATS
ATS Corporation is a Canadian automation solutions provider headquartered in Cambridge, Ontario. The company designs, builds and services automated manufacturing systems, production equipment and related technologies for manufacturers in a range of industries.
Its offerings include custom automation systems, assembly and test equipment, material-handling solutions, packaging systems, precision components and aftermarket services. ATS also provides automation software, controls, engineering, technical support and lifecycle services intended to improve production efficiency, quality and flexibility.
The company serves customers in sectors including life sciences, transportation, energy, consumer products and industrial manufacturing.
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