Beutel Goodman & Co Ltd. raised its position in shares of ATS Corporation (NYSE:ATS – Free Report) by 30.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,247,952 shares of the company’s stock after purchasing an additional 1,451,030 shares during the quarter. Beutel Goodman & Co Ltd. owned 0.07% of ATS worth $113,186,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of ATS. State of Wyoming purchased a new stake in shares of ATS in the second quarter worth $33,000. Deutsche Bank AG purchased a new position in shares of ATS during the 2nd quarter valued at $311,000. Lazard Asset Management LLC boosted its holdings in ATS by 19.7% in the 1st quarter. Lazard Asset Management LLC now owns 69,912 shares of the company’s stock worth $1,972,000 after buying an additional 11,486 shares during the period. Dimensional Fund Advisors LP boosted its holdings in ATS by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 122,456 shares of the company’s stock worth $3,451,000 after buying an additional 12,114 shares during the period. Finally, Louisbourg Investments Inc. boosted its holdings in ATS by 16.4% in the 3rd quarter. Louisbourg Investments Inc. now owns 129,312 shares of the company’s stock worth $2,344,000 after buying an additional 18,208 shares during the period. 75.84% of the stock is currently owned by institutional investors.
ATS Trading Up 4.7%
Shares of ATS opened at $17.77 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.33. ATS Corporation has a 1 year low of $16.97 and a 1 year high of $35.82. The company has a 50 day simple moving average of $18.62 and a two-hundred day simple moving average of $26.25. The firm has a market cap of $1.70 billion, a P/E ratio of 16.89 and a beta of 1.15.
ATS (NYSE:ATS – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). ATS had a net margin of 0.28% and a return on equity of 7.94%. The company had revenue of $467.59 million for the quarter, compared to the consensus estimate of $477.49 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities analysts expect that ATS Corporation will post 1.02 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ATS. Weiss Ratings lowered ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. TD Securities downgraded ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Zacks Research raised ATS from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.50.
View Our Latest Stock Report on ATS
ATS Profile
ATS Corporation designs, builds and services automated manufacturing systems for companies seeking to improve production processes. Its offerings include custom automation equipment, robotics, assembly and testing systems, and related software and services.
The company serves customers across a range of industries, including life sciences, food and beverage, transportation, consumer products and energy. Its work can span the manufacturing lifecycle, from system design and integration to installation, maintenance and upgrades.
Based in Cambridge, Ontario, ATS has a history of developing automation solutions and serves customers internationally through operations in multiple regions.
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