AYAL Capital Advisors Ltd Acquires New Stake in ATS Corporation $ATS

AYAL Capital Advisors Ltd acquired a new stake in shares of ATS Corporation (NYSE:ATS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 72,200 shares of the company’s stock, valued at approximately $1,988,000. AYAL Capital Advisors Ltd owned 0.07% of ATS at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake 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 during the period. Norges Bank acquired a new stake in shares of ATS during the 4th quarter valued at $29,727,000. Alberta Investment Management Corp lifted its stake in shares of ATS by 217.5% in the 4th quarter. Alberta Investment Management Corp now owns 1,340,265 shares of the company’s stock valued at $36,918,000 after purchasing an additional 918,100 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of ATS by 8.9% in the 4th quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock valued at $210,529,000 after purchasing an additional 623,369 shares during the last quarter. Finally, EdgePoint Investment Group Inc. lifted its stake in shares of ATS by 8.0% in the 4th quarter. EdgePoint Investment Group Inc. now owns 6,888,785 shares of the company’s stock valued at $189,771,000 after purchasing an additional 507,491 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analyst Ratings Changes

ATS has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Desjardins started coverage on shares of ATS in a research report on Tuesday. They set a “buy” rating on the stock. Royal Bank Of Canada decreased their target price on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Finally, Scotiabank restated an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.50.

ATS Stock Up 1.2%

Shares of ATS stock opened at $28.31 on Thursday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 54.45 and a beta of 1.20. The firm has a fifty day moving average of $31.37 and a 200-day moving average of $30.00. ATS Corporation has a 12-month low of $23.84 and a 12-month high of $35.82. The company has a quick ratio of 1.36, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

ATS (NYSE:ATS) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $535.09 million for the quarter, compared to analyst estimates of $529.43 million. ATS had a return on equity of 9.40% and a net margin of 2.40%. As a group, equities research analysts predict that ATS Corporation will post 1.38 earnings per share for the current fiscal year.

About ATS

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.