Alberta Investment Management Corp Has $36.92 Million Stock Holdings in ATS Corporation $ATS

Alberta Investment Management Corp lifted its holdings in ATS Corporation (NYSE:ATS) by 217.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,340,265 shares of the company’s stock after acquiring an additional 918,100 shares during the quarter. Alberta Investment Management Corp’s holdings in ATS were worth $36,918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ATS. Smartleaf Asset Management LLC acquired a new stake in shares of ATS in the fourth quarter worth $29,000. Quarry LP acquired a new stake in shares of ATS in the third quarter worth $32,000. Raymond James Financial Inc. acquired a new stake in shares of ATS in the second quarter worth $43,000. Barclays PLC boosted its position in shares of ATS by 16.8% in the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after buying an additional 756 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of ATS in the second quarter worth $237,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATS. Zacks Research cut ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Scotiabank reissued an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Royal Bank Of Canada reduced their price objective on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Finally, Weiss Ratings raised ATS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.50.

ATS Price Performance

ATS opened at $28.25 on Tuesday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 54.33 and a beta of 1.20. ATS Corporation has a 1 year low of $23.84 and a 1 year high of $35.82. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $31.39 and a 200 day moving average price of $29.97.

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

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.