ATS (NYSE:ATS) Sets New 52-Week High – What’s Next?

ATS Corporation (NYSE:ATS) reached a new 52-week high on Friday . The company traded as high as $33.26 and last traded at $33.0250, with a volume of 73054 shares traded. The stock had previously closed at $31.30.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. TD Securities reissued a “buy” rating on shares of ATS in a research note on Monday, January 26th. JPMorgan Chase & Co. boosted their price objective on ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Thursday, January 29th. Wall Street Zen lowered ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Finally, Zacks Research lowered ATS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.00.

ATS Stock Up 4.5%

The business has a 50-day moving average of $30.57 and a 200-day moving average of $28.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.65. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 218.01 and a beta of 1.16.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $553.81 million for the quarter, compared to the consensus estimate of $722.96 million. ATS had a return on equity of 9.67% and a net margin of 0.77%.The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 EPS. On average, sell-side analysts expect that ATS Corporation will post 1.02 EPS for the current year.

Institutional Investors Weigh In On ATS

Several institutional investors and hedge funds have recently modified their holdings of ATS. Smartleaf Asset Management LLC purchased a new stake in shares of ATS in the 4th quarter valued at $29,000. Quarry LP purchased a new stake in shares of ATS in the 3rd quarter valued at $32,000. Raymond James Financial Inc. purchased a new stake in shares of ATS in the 2nd quarter valued at $43,000. State of Wyoming purchased a new stake in shares of ATS in the 3rd quarter valued at $112,000. Finally, Barclays PLC raised its holdings in shares of ATS by 16.8% in the 4th 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 period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

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.