TD Asset Management Inc Sells 97,117 Shares of ATS Corporation $ATS

TD Asset Management Inc lowered its holdings in shares of ATS Corporation (NYSE:ATS) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,181,762 shares of the company’s stock after selling 97,117 shares during the quarter. TD Asset Management Inc owned 1.21% of ATS worth $30,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. EdgePoint Investment Group Inc. boosted its stake in shares of ATS by 28.2% during the second quarter. EdgePoint Investment Group Inc. now owns 6,434,005 shares of the company’s stock valued at $205,330,000 after purchasing an additional 1,416,009 shares during the period. Vanguard Group Inc. boosted its position in ATS by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,341,435 shares of the company’s stock valued at $87,419,000 after buying an additional 69,334 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in ATS by 19.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,369,028 shares of the company’s stock worth $75,603,000 after acquiring an additional 392,874 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in shares of ATS by 2.5% during the second quarter. Burgundy Asset Management Ltd. now owns 1,812,147 shares of the company’s stock worth $57,687,000 after acquiring an additional 43,365 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of ATS by 17.5% in the second quarter. Mackenzie Financial Corp now owns 1,410,833 shares of the company’s stock valued at $45,023,000 after purchasing an additional 210,570 shares during the period. Institutional investors own 75.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ATS. JPMorgan Chase & Co. lifted their target price on ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. TD Securities restated a “buy” rating on shares of ATS in a report on Monday, January 26th. Zacks Research raised shares of ATS from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.00.

ATS Trading Down 1.7%

NYSE ATS opened at $31.94 on Friday. ATS Corporation has a 52 week low of $20.90 and a 52 week high of $33.01. The company has a 50 day moving average price of $29.74 and a 200 day moving average price of $27.85. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.13 billion, a PE ratio of 212.96 and a beta of 1.21.

ATS (NYSE:ATS) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. ATS had a net margin of 0.77% and a return on equity of 9.67%. The business had revenue of $553.81 million for the quarter, compared to analyst estimates of $722.96 million. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts forecast that ATS Corporation will post 1.02 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.