ATS Corporation $ATS Shares Acquired by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. grew its position in shares of ATS Corporation (NYSE:ATS) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,812,147 shares of the company’s stock after purchasing an additional 43,365 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 1.86% of ATS worth $57,687,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ATS. Vanguard Personalized Indexing Management LLC acquired a new position in ATS in the second quarter valued at $233,000. Northwest & Ethical Investments L.P. grew its holdings in shares of ATS by 27.7% during the first quarter. Northwest & Ethical Investments L.P. now owns 8,333 shares of the company’s stock worth $208,000 after buying an additional 1,806 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in ATS in the 2nd quarter valued at about $281,000. Cidel Asset Management Inc. raised its stake in ATS by 11.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 9,270 shares of the company’s stock valued at $295,000 after acquiring an additional 984 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in ATS during the 2nd quarter worth approximately $349,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Scotiabank upgraded shares of ATS from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, November 5th. Zacks Research upgraded ATS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

ATS Trading Up 4.0%

Shares of ATS opened at $27.25 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 1.34. ATS Corporation has a 1-year low of $20.90 and a 1-year high of $33.13. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -2,721.78 and a beta of 1.26. The firm has a 50 day simple moving average of $26.33 and a 200-day simple moving average of $28.22.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $524.03 million during the quarter, compared to analysts’ expectations of $721.51 million. ATS had a positive return on equity of 8.82% and a negative net margin of 0.08%.The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. Equities analysts forecast that ATS Corporation will post 1.02 EPS for the current fiscal year.

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.