Susquehanna International Group LLP Takes Position in ATS Corporation $ATS

Susquehanna International Group LLP purchased a new stake in shares of ATS Corporation (NYSE:ATS) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 34,791 shares of the company’s stock, valued at approximately $1,001,000.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in ATS by 1.5% in the 1st quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock worth $218,884,000 after purchasing an additional 117,291 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in ATS by 4.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock valued at $202,081,000 after buying an additional 279,327 shares in the last quarter. Vanguard Group Inc. raised its position in shares of ATS by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock worth $93,582,000 after purchasing an additional 55,731 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of ATS by 187.1% in the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock worth $83,269,000 after buying an additional 1,970,040 shares in the last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of ATS in the 2nd quarter worth $66,908,000. 75.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ATS. TD Securities downgraded ATS from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Desjardins assumed coverage on ATS in a report on Tuesday, June 16th. They issued a “buy” rating on the stock. Royal Bank Of Canada cut their price objective on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Finally, Wall Street Zen lowered shares of ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ATS presently has a consensus rating of “Hold” and an average price target of $42.50.

ATS Stock Performance

ATS stock opened at $19.22 on Monday. ATS Corporation has a one year low of $18.88 and a one year high of $35.82. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 56.53 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. The firm has a 50-day simple moving average of $24.89 and a two-hundred day simple moving average of $28.80.

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