Dixon Mitchell Investment Counsel Inc. Has $4.67 Million Position in ATS Co. (NYSE:ATS)

Dixon Mitchell Investment Counsel Inc. boosted its position in ATS Co. (NYSE:ATS) by 67.0% during the first quarter, HoldingsChannel.com reports. The fund owned 138,625 shares of the company’s stock after buying an additional 55,600 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in ATS were worth $4,669,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Steph & Co. boosted its holdings in shares of ATS by 133.6% in the 1st quarter. Steph & Co. now owns 6,215 shares of the company’s stock valued at $210,000 after purchasing an additional 3,554 shares in the last quarter. Vanguard Group Inc. grew its position in ATS by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,883,886 shares of the company’s stock valued at $124,209,000 after acquiring an additional 31,185 shares during the last quarter. Capital World Investors grew its position in ATS by 8.8% in the fourth quarter. Capital World Investors now owns 4,470,733 shares of the company’s stock valued at $192,690,000 after acquiring an additional 360,719 shares during the last quarter. Capital International Sarl raised its stake in ATS by 39.6% during the fourth quarter. Capital International Sarl now owns 106,449 shares of the company’s stock worth $4,605,000 after acquiring an additional 30,218 shares in the last quarter. Finally, Capital International Ltd. CA lifted its holdings in shares of ATS by 43.0% in the fourth quarter. Capital International Ltd. CA now owns 72,376 shares of the company’s stock worth $3,122,000 after acquiring an additional 21,761 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Trading Up 1.0 %

Shares of NYSE:ATS traded up $0.31 during mid-day trading on Tuesday, reaching $32.67. 50,533 shares of the company’s stock were exchanged, compared to its average volume of 101,339. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.42 and a current ratio of 1.70. ATS Co. has a twelve month low of $29.78 and a twelve month high of $48.89. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.38 and a beta of 1.16. The business’s fifty day moving average price is $32.40 and its 200-day moving average price is $36.44.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. ATS had a return on equity of 15.97% and a net margin of 6.39%. The firm had revenue of $587.12 million for the quarter, compared to analyst estimates of $534.08 million. On average, research analysts predict that ATS Co. will post 1.75 EPS for the current fiscal year.

Analysts Set New Price Targets

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

ATS Profile

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.