ATS (NYSE:ATS) Hits New 1-Year High – Here’s What Happened

ATS Corporation (NYSE:ATS) shares hit a new 52-week high on Thursday . The stock traded as high as $33.53 and last traded at $33.2640, with a volume of 121975 shares. The stock had previously closed at $32.79.

Analyst Ratings Changes

Several equities analysts recently issued reports on ATS shares. Weiss Ratings restated a “sell (d)” rating on shares of ATS in a research report on Monday. JPMorgan Chase & Co. increased their price objective on ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. TD Securities reissued a “buy” rating on shares of ATS in a report on Monday, January 26th. Wall Street Zen cut ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Finally, Zacks Research downgraded ATS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.00.

ATS Stock Down 2.6%

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 stock has a market capitalization of $3.25 billion, a PE ratio of 220.68 and a beta of 1.16. The firm’s fifty day moving average is $30.82 and its 200-day moving average is $28.74.

ATS (NYSE:ATS) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $553.81 million for the quarter, compared to analyst estimates of $722.96 million. ATS had a return on equity of 9.67% and a net margin of 0.77%.The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. On average, equities research analysts predict that ATS Corporation will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC acquired a new stake in ATS in the fourth quarter valued at $29,000. Quarry LP acquired a new position in shares of ATS during the 3rd quarter worth $32,000. Raymond James Financial Inc. acquired a new position in shares of ATS during the 2nd quarter worth $43,000. State of Wyoming purchased a new position in shares of ATS in the 3rd quarter valued at about $112,000. Finally, Barclays PLC lifted its stake in shares of ATS by 16.8% in the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after purchasing an additional 756 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.

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.