ATS Corporation $ATS Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its stake in shares of ATS Corporation (NYSE:ATS) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,166,007 shares of the company’s stock after selling 68,954 shares during the period. Marathon Asset Management Ltd owned about 1.19% of ATS worth $30,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Aviso Financial Inc. boosted its position in ATS by 0.9% in the 2nd quarter. Aviso Financial Inc. now owns 50,653 shares of the company’s stock worth $1,615,000 after purchasing an additional 452 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in ATS by 11.9% during the second quarter. Cidel Asset Management Inc. now owns 9,270 shares of the company’s stock worth $295,000 after buying an additional 984 shares in the last quarter. Franklin Resources Inc. grew its position in ATS by 7.3% during the second quarter. Franklin Resources Inc. now owns 17,106 shares of the company’s stock valued at $546,000 after buying an additional 1,171 shares during the period. Raymond James Financial Inc. purchased a new position in ATS in the second quarter valued at $43,000. Finally, Amundi increased its holdings 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 buying an additional 1,562 shares in the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATS. Zacks Research upgraded ATS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a research report on Wednesday, October 8th. Finally, Scotiabank upgraded ATS from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

ATS Trading Up 0.6%

ATS stock opened at $28.37 on Monday. ATS Corporation has a 12-month low of $20.90 and a 12-month high of $32.73. The business’s 50-day moving average is $26.74 and its 200 day moving average is $28.08. The company has a current ratio of 1.63, a quick ratio of 1.34 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -2,834.37 and a beta of 1.27.

ATS (NYSE:ATS) last released its earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $524.03 million for the quarter, compared to the consensus estimate of $721.51 million. ATS had a positive return on equity of 8.82% and a negative net margin of 0.08%.The business’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 earnings per share. On average, sell-side analysts anticipate that ATS Corporation will post 1.02 EPS 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.