Caldwell Investment Management Ltd. Invests $1.75 Million in ATS Corporation $ATS

Caldwell Investment Management Ltd. acquired a new position in shares of ATS Corporation (NYSE:ATS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 60,800 shares of the company’s stock, valued at approximately $1,749,000. ATS accounts for about 1.1% of Caldwell Investment Management Ltd.’s holdings, making the stock its 11th largest holding. Caldwell Investment Management Ltd. owned 0.06% of ATS at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATS. Bank of Montreal Can increased its position in ATS by 187.1% during the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock worth $83,269,000 after acquiring an additional 1,970,040 shares during the period. Janus Henderson Group PLC boosted its holdings in ATS by 166.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after purchasing an additional 1,435,375 shares during the period. Alberta Investment Management Corp acquired a new stake in ATS in the 2nd quarter worth $33,904,000. Norges Bank acquired a new stake in ATS in the 4th quarter worth $29,727,000. Finally, Royal Bank of Canada increased its holdings in shares of ATS by 8.9% during the 4th quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock worth $210,529,000 after purchasing an additional 623,369 shares during the period. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Price Performance

Shares of ATS stock opened at $19.76 on Friday. ATS Corporation has a 1 year low of $19.14 and a 1 year high of $35.82. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average is $25.75 and its 200-day moving average is $29.15. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 58.12 and a beta of 1.22.

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). ATS had a return on equity of 8.96% and a net margin of 1.60%.The firm had revenue of $488.38 million during the quarter, compared to analyst estimates of $509.71 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. ATS’s revenue for the quarter was down 5.8% compared to the same quarter last year. Sell-side analysts forecast that ATS Corporation will post 1.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Desjardins assumed coverage on ATS in a research report on Tuesday, June 16th. They issued a “buy” rating for the company. Zacks Research lowered ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Weiss Ratings cut ATS from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.50.

ATS 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.