ATS (NYSE:ATS) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of ATS (NYSE:ATS) in a research report sent to investors on Tuesday, Marketbeat reports. The firm issued a sell rating and a $34.00 price objective on the stock.

ATS has been the subject of several other reports. JPMorgan Chase & Co. assumed coverage on ATS in a research note on Wednesday, December 20th. They issued a neutral rating and a $45.00 price objective for the company. TheStreet upgraded ATS from a c+ rating to a b rating in a research note on Monday, December 11th.

ATS Stock Down 5.9 %

ATS stock opened at $33.67 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.70 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $3.33 billion and a PE ratio of 25.13. The firm’s fifty day moving average is $39.18 and its 200 day moving average is $39.76. ATS has a 12-month low of $33.02 and a 12-month high of $48.89.

ATS (NYSE:ATS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). ATS had a net margin of 5.89% and a return on equity of 17.56%. The business had revenue of $552.45 million during the quarter, compared to analyst estimates of $536.95 million. As a group, sell-side analysts predict that ATS will post 1.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Waratah Capital Advisors Ltd. purchased a new stake in shares of ATS during the 2nd quarter worth approximately $53,112,000. Beutel Goodman & Co Ltd. purchased a new stake in ATS in the second quarter worth $52,976,000. Alliancebernstein L.P. bought a new stake in shares of ATS in the second quarter valued at $52,129,000. Capital International Investors lifted its position in shares of ATS by 18.0% during the 4th quarter. Capital International Investors now owns 7,011,564 shares of the company’s stock valued at $302,200,000 after buying an additional 1,068,310 shares during the last quarter. Finally, Norges Bank bought a new position in shares of ATS during the 4th quarter worth $40,685,000. Institutional investors own 75.84% of the company’s stock.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.