K.J. Harrison & Partners Inc Purchases Shares of 100,000 ATS Corporation $ATS

K.J. Harrison & Partners Inc acquired a new position in ATS Corporation (NYSE:ATS) in the 2nd quarter, HoldingsChannel reports. The firm acquired 100,000 shares of the company’s stock, valued at approximately $2,877,000.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in ATS by 1.5% in the first quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock worth $218,884,000 after acquiring an additional 117,291 shares during the period. 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 purchasing an additional 279,327 shares during the period. Vanguard Group Inc. increased its position in ATS by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock valued at $93,582,000 after purchasing an additional 55,731 shares during the period. Bank of Montreal Can raised its holdings in ATS by 187.1% in the 4th quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock worth $83,269,000 after purchasing an additional 1,970,040 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in ATS by 166.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after purchasing an additional 1,435,375 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ATS has been the topic of a number of research reports. TD Securities lowered shares of 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 note on Tuesday, June 9th. Desjardins initiated coverage on shares of ATS in a report on Tuesday, June 16th. They issued a “buy” rating for the company. Wall Street Zen cut ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Royal Bank Of Canada reduced their target price on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.50.

ATS Stock Performance

ATS stock opened at $19.60 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.92 billion, a P/E ratio of 57.65 and a beta of 1.22. The stock’s 50 day moving average is $26.35 and its 200 day moving average is $29.41. ATS Corporation has a twelve month low of $19.14 and a twelve month high of $35.82.

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). The firm had revenue of $488.38 million for the quarter, compared to analysts’ expectations of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. On average, equities research analysts predict that ATS Corporation will post 1.34 earnings per share for the current fiscal year.

ATS 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.