Fiera Capital Corp Sells 22,152 Shares of ATS Corporation $ATS

Fiera Capital Corp trimmed its stake in ATS Corporation (NYSE:ATS) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,007 shares of the company’s stock after selling 22,152 shares during the period. Fiera Capital Corp owned about 0.07% of ATS worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of ATS by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock valued at $93,582,000 after acquiring an additional 55,731 shares in the last quarter. Bank of America Corp DE grew its stake in ATS by 45.2% in the third quarter. Bank of America Corp DE now owns 1,251,695 shares of the company’s stock worth $32,794,000 after purchasing an additional 389,862 shares in the last quarter. Invesco Ltd. increased its holdings in ATS by 0.7% during the 3rd quarter. Invesco Ltd. now owns 1,196,732 shares of the company’s stock worth $31,354,000 after purchasing an additional 8,505 shares during the period. TD Asset Management Inc raised its position in ATS by 1.0% during the 4th quarter. TD Asset Management Inc now owns 1,193,208 shares of the company’s stock valued at $32,913,000 after purchasing an additional 11,446 shares in the last quarter. Finally, Norges Bank bought a new stake in ATS during the 4th quarter valued at $29,727,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ATS. Royal Bank Of Canada dropped their price target on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. 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 “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.50.

ATS Price Performance

Shares of ATS stock opened at $27.41 on Wednesday. The stock’s 50-day moving average is $31.46 and its 200 day moving average is $29.89. ATS Corporation has a 1-year low of $23.84 and a 1-year high of $35.82. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.36. The company has a market cap of $2.69 billion, a P/E ratio of 52.72 and a beta of 1.20.

ATS (NYSE:ATS) last announced its earnings results on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The firm had revenue of $535.09 million during the quarter, compared to the consensus estimate of $529.43 million. ATS had a return on equity of 9.40% and a net margin of 2.40%. Research analysts predict that ATS Corporation will post 1.5 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.