ATS (NYSE:ATS) Stock Price Down 3.1%

ATS Co. (NYSE:ATS)’s stock price traded down 3.1% during mid-day trading on Tuesday . The company traded as low as $35.41 and last traded at $35.70. 13,008 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 61,328 shares. The stock had previously closed at $36.85.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on ATS in a research note on Tuesday. They issued a “sell” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on ATS in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $45.00 price objective on the stock. Finally, TheStreet raised ATS from a “c+” rating to a “b” rating in a research note on Monday, December 11th.

ATS Trading Up 1.6 %

The stock has a market capitalization of $3.54 billion and a PE ratio of 26.69. The firm has a 50 day moving average price of $39.36 and a 200 day moving average price of $39.81. The company has a quick ratio of 1.41, a current ratio of 1.70 and a debt-to-equity ratio of 0.81.

ATS (NYSE:ATS) last released its earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business had revenue of $552.45 million during the quarter, compared to the consensus estimate of $536.95 million. ATS had a net margin of 5.89% and a return on equity of 17.56%. Equities analysts expect that ATS Co. will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On ATS

Institutional investors have recently modified their holdings of the business. Alberta Investment Management Corp grew its holdings in ATS by 2.8% during the third quarter. Alberta Investment Management Corp now owns 646,400 shares of the company’s stock valued at $27,682,000 after purchasing an additional 17,400 shares during the period. FMR LLC grew its holdings in ATS by 20.7% during the third quarter. FMR LLC now owns 5,371,545 shares of the company’s stock valued at $228,980,000 after purchasing an additional 919,932 shares during the period. CIBC Asset Management Inc bought a new position in ATS during the second quarter valued at $18,340,000. Citigroup Inc. lifted its position in shares of ATS by 5.4% during the third quarter. Citigroup Inc. now owns 8,193 shares of the company’s stock worth $351,000 after acquiring an additional 420 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of ATS by 38.1% during the third quarter. Mackenzie Financial Corp now owns 1,617,505 shares of the company’s stock worth $64,684,000 after acquiring an additional 446,568 shares in the last quarter. 75.84% of the stock is owned by institutional investors.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.