ATS Co. (NYSE:ATS) Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. reduced its stake in ATS Co. (NYSE:ATSFree Report) by 28.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,513 shares of the company’s stock after selling 21,969 shares during the period. Burgundy Asset Management Ltd.’s holdings in ATS were worth $2,354,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. ACK Asset Management LLC grew its stake in shares of ATS by 6.8% in the fourth quarter. ACK Asset Management LLC now owns 1,304,980 shares of the company’s stock valued at $56,205,000 after buying an additional 83,639 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in ATS by 10.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 517,284 shares of the company’s stock worth $22,331,000 after acquiring an additional 47,896 shares during the period. TD Asset Management Inc grew its position in ATS by 7.9% in the fourth quarter. TD Asset Management Inc now owns 637,517 shares of the company’s stock valued at $27,608,000 after acquiring an additional 46,641 shares in the last quarter. JARISLOWSKY FRASER Ltd raised its stake in shares of ATS by 6.5% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 63,194 shares of the company’s stock valued at $2,737,000 after purchasing an additional 3,867 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of ATS during the fourth quarter worth $315,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATS has been the subject of a number of recent analyst reports. The Goldman Sachs Group began coverage on shares of ATS in a report on Tuesday, March 26th. They set a “sell” rating and a $34.00 price target for the company. JPMorgan Chase & Co. lowered their target price on ATS from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Finally, Scotiabank raised ATS to a “hold” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, ATS currently has a consensus rating of “Hold” and a consensus price target of $45.67.

Read Our Latest Research Report on ATS

ATS Stock Up 0.7 %

Shares of NYSE:ATS opened at $32.51 on Thursday. ATS Co. has a 12-month low of $29.78 and a 12-month high of $48.89. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3.19 billion and a PE ratio of 22.27. The company has a fifty day simple moving average of $32.46 and a 200 day simple moving average of $37.51.

ATS (NYSE:ATSGet Free Report) last released its earnings results on Thursday, May 16th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. ATS had a net margin of 6.39% and a return on equity of 15.97%. The company had revenue of $587.12 million during the quarter, compared to the consensus estimate of $534.08 million. On average, equities research analysts anticipate that ATS Co. will post 1.75 EPS for the current fiscal year.

ATS Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ATS (NYSE:ATS)

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