TD Waterhouse Canada Inc. Purchases 49,234 Shares of ATS Corporation $ATS

TD Waterhouse Canada Inc. boosted its holdings in shares of ATS Corporation (NYSE:ATS) by 3.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,683,683 shares of the company’s stock after purchasing an additional 49,234 shares during the period. TD Waterhouse Canada Inc.’s holdings in ATS were worth $47,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA grew its stake in shares of ATS by 2.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 16,423 shares of the company’s stock worth $461,000 after acquiring an additional 417 shares in the last quarter. Stifel Financial Corp lifted its position in shares of ATS by 3.9% in the fourth quarter. Stifel Financial Corp now owns 12,593 shares of the company’s stock worth $347,000 after purchasing an additional 467 shares in the last quarter. Barclays PLC boosted its holdings in ATS by 16.8% during the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after purchasing an additional 756 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in ATS during the fourth quarter worth $29,000. Finally, State of Wyoming bought a new position in ATS in the second quarter valued at $33,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Stock Up 3.1%

Shares of ATS opened at $19.60 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 57.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. ATS Corporation has a 52 week low of $18.41 and a 52 week high of $35.82. The firm’s 50-day simple moving average is $24.19 and its 200 day simple moving average is $28.46.

ATS (NYSE:ATS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). ATS had a return on equity of 8.96% and a net margin of 1.60%.The company had revenue of $488.38 million for the quarter, compared to analyst estimates of $509.71 million. During the same quarter last year, the business earned $0.41 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. On average, analysts forecast that ATS Corporation will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ATS. Royal Bank Of Canada reduced their price target on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. TD Securities downgraded ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $42.50.

ATS Company Profile

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.