28,802 Shares in ATS Corporation $ATS Purchased by Purpose Unlimited Inc.

Purpose Unlimited Inc. purchased a new stake in shares of ATS Corporation (NYSE:ATS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,802 shares of the company’s stock, valued at approximately $793,000.

A number of other large investors have also added to or reduced their stakes in the stock. Amundi boosted its stake in ATS by 5.4% in the first quarter. Amundi now owns 30,538 shares of the company’s stock valued at $770,000 after acquiring an additional 1,562 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ATS by 79.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company’s stock worth $10,821,000 after purchasing an additional 191,842 shares during the last quarter. Jane Street Group LLC increased its stake in shares of ATS by 29.7% during the 1st quarter. Jane Street Group LLC now owns 42,085 shares of the company’s stock worth $1,049,000 after purchasing an additional 9,636 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of ATS by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 120,088 shares of the company’s stock worth $3,830,000 after purchasing an additional 3,382 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of ATS in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ATS. Weiss Ratings raised ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. 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. They set a “buy” rating on the stock. Royal Bank Of Canada dropped their price target on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Finally, Zacks Research downgraded ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.50.

ATS Stock Performance

Shares of ATS stock opened at $27.99 on Friday. The firm’s 50 day moving average is $31.32 and its 200 day moving average is $30.01. The stock has a market capitalization of $2.75 billion, a P/E ratio of 53.82 and a beta of 1.20. ATS Corporation has a 12 month low of $23.84 and a 12 month high of $35.82. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78.

ATS (NYSE:ATS) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). ATS had a net margin of 2.40% and a return on equity of 9.40%. The business had revenue of $535.09 million during the quarter, compared to analysts’ expectations of $529.43 million. On average, sell-side analysts anticipate that ATS Corporation will post 1.38 earnings per share for the current year.

ATS Company 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.