72,655 Shares in ATS Corporation $ATS Acquired by Bastion Asset Management Inc.

Bastion Asset Management Inc. bought a new stake in ATS Corporation (NYSE:ATS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 72,655 shares of the company’s stock, valued at approximately $1,904,000. Bastion Asset Management Inc. owned approximately 0.07% of ATS as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Aberdeen Group plc grew its holdings in shares of ATS by 14.7% in the 3rd quarter. Aberdeen Group plc now owns 18,595 shares of the company’s stock valued at $489,000 after buying an additional 2,390 shares during the period. Public Sector Pension Investment Board acquired a new position in ATS in the third quarter valued at about $1,620,000. Foresight Group Ltd Liability Partnership increased its holdings in shares of ATS by 1.9% in the third quarter. Foresight Group Ltd Liability Partnership now owns 388,892 shares of the company’s stock worth $10,189,000 after acquiring an additional 7,080 shares in the last quarter. Van Berkom & Associates Inc. raised its position in shares of ATS by 0.3% during the third quarter. Van Berkom & Associates Inc. now owns 269,994 shares of the company’s stock worth $7,062,000 after purchasing an additional 734 shares during the period. Finally, State of Wyoming bought a new position in shares of ATS during the 3rd quarter valued at about $112,000. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Trading Up 1.1%

ATS stock opened at $31.18 on Monday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 207.90 and a beta of 1.21. The firm has a 50-day moving average of $28.80 and a 200-day moving average of $27.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.65 and a quick ratio of 1.37. ATS Corporation has a one year low of $20.90 and a one year high of $32.73.

ATS (NYSE:ATS) last released its 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. The business 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%.ATS’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, equities analysts expect that ATS Corporation will post 1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.