Public Employees Retirement System of Ohio Acquires Shares of 28,366 ATS Corporation $ATS

Public Employees Retirement System of Ohio acquired a new position in shares of ATS Corporation (NYSE:ATS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,366 shares of the company’s stock, valued at approximately $817,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new stake in shares of ATS in the 4th quarter valued at about $29,000. Quarry LP acquired a new position in ATS during the third quarter worth approximately $32,000. State of Wyoming acquired a new position in ATS during the second quarter worth approximately $33,000. Raymond James Financial Inc. purchased a new stake in ATS in the second quarter valued at approximately $43,000. Finally, Barclays PLC lifted its stake in ATS by 16.8% in the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after buying an additional 756 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analyst Ratings Changes

ATS has been the topic of a number of recent research reports. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Royal Bank Of Canada decreased their price target on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Wall Street Zen downgraded shares of ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. TD Securities lowered shares of ATS from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Desjardins began coverage on shares of ATS in a research note on Tuesday, June 16th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.50.

ATS Stock Performance

NYSE:ATS opened at $19.35 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.33. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 56.91 and a beta of 1.17. The firm’s fifty day moving average price is $23.50 and its 200 day moving average price is $28.12. ATS Corporation has a 1-year low of $18.41 and a 1-year high of $35.82.

ATS (NYSE:ATS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The firm had revenue of $488.38 million for the quarter, compared to analysts’ expectations of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%.The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. On average, sell-side analysts expect that ATS Corporation will post 1.12 EPS for the current year.

About ATS

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.