ATS (NYSE:ATS) Sees Large Volume Increase

ATS Co. (NYSE:ATS) saw an uptick in trading volume on Wednesday . 207,049 shares traded hands during trading, an increase of 151% from the previous session’s volume of 82,505 shares.The stock last traded at $30.11 and had previously closed at $29.95.

Wall Street Analyst Weigh In

A number of brokerages have commented on ATS. The Goldman Sachs Group began coverage on shares of ATS in a research report on Tuesday, March 26th. They set a “sell” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of ATS in a research note on Wednesday, December 20th. They set a “neutral” rating and a $45.00 price target on the stock.

ATS Stock Performance

The company has a current ratio of 1.70, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.99 billion and a price-to-earnings ratio of 22.35. The stock’s 50 day moving average price is $36.24 and its two-hundred day moving average price is $38.66.

ATS (NYSE:ATS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The business had revenue of $552.45 million during the quarter, compared to analyst estimates of $536.95 million. ATS had a net margin of 5.89% and a return on equity of 17.56%. On average, analysts forecast that ATS Co. will post 1.82 EPS for the current year.

Institutional Investors Weigh In On ATS

A number of large investors have recently added to or reduced their stakes in the business. Capital International Investors grew its stake in ATS by 18.0% in the 4th quarter. Capital International Investors now owns 7,011,564 shares of the company’s stock valued at $302,200,000 after acquiring an additional 1,068,310 shares during the last quarter. FMR LLC lifted its holdings in ATS by 20.7% in the 3rd 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 in the last quarter. Capital World Investors lifted its holdings in ATS by 8.8% in the 4th quarter. Capital World Investors now owns 4,470,733 shares of the company’s stock valued at $192,690,000 after purchasing an additional 360,719 shares in the last quarter. Vanguard Group Inc. lifted its holdings in ATS by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,883,886 shares of the company’s stock valued at $124,209,000 after purchasing an additional 31,185 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in ATS by 19.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,326,984 shares of the company’s stock valued at $99,190,000 after purchasing an additional 385,292 shares in the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

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.