Rockefeller Capital Management L.P. Lowers Stock Position in ATS Corporation $ATS

Rockefeller Capital Management L.P. decreased its position in ATS Corporation (NYSE:ATS) by 65.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,790 shares of the company’s stock after selling 18,941 shares during the period. Rockefeller Capital Management L.P.’s holdings in ATS were worth $270,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new stake in shares of ATS during the 4th quarter worth $29,000. Quarry LP bought a new position in ATS during the third quarter valued at about $32,000. Raymond James Financial Inc. purchased a new stake in ATS during the second quarter worth about $43,000. Barclays PLC increased its holdings in ATS by 16.8% during 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 last quarter. Finally, SkyView Investment Advisors LLC bought a new stake in ATS in the second quarter worth about $237,000. Institutional investors own 75.84% of the company’s stock.

ATS Trading Down 2.8%

Shares of ATS stock opened at $27.67 on Wednesday. The business has a 50-day moving average price of $30.31 and a two-hundred day moving average price of $30.13. 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. The firm has a market cap of $2.72 billion, a P/E ratio of 53.22 and a beta of 1.21.

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

Analyst Ratings Changes

Several brokerages have issued reports on ATS. Desjardins started coverage on ATS in a research note on Tuesday, June 16th. They issued a “buy” rating on the stock. Scotiabank reissued an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Royal Bank Of Canada lowered their price objective on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $42.50.

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.