Fiera Capital Corp Boosts Stake in ATS Co. (NYSE:ATS)

Fiera Capital Corp raised its position in ATS Co. (NYSE:ATS) by 18.3% during the third quarter, HoldingsChannel.com reports. The firm owned 584,804 shares of the company’s stock after buying an additional 90,443 shares during the quarter. Fiera Capital Corp’s holdings in ATS were worth $16,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ATS. Principal Financial Group Inc. increased its position in ATS by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 661,040 shares of the company’s stock worth $19,201,000 after purchasing an additional 21,500 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of ATS in the third quarter worth $7,777,000. Van ECK Associates Corp raised its stake in shares of ATS by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,230 shares of the company’s stock valued at $132,000 after acquiring an additional 936 shares during the period. Galibier Capital Management Ltd. lifted its holdings in shares of ATS by 19.9% during the 3rd quarter. Galibier Capital Management Ltd. now owns 132,830 shares of the company’s stock valued at $3,858,000 after acquiring an additional 22,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in ATS by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 362,758 shares of the company’s stock worth $10,537,000 after purchasing an additional 3,661 shares during the period. 75.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on ATS shares. The Goldman Sachs Group cut their price objective on ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their target price on ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.00.

ATS Stock Performance

Shares of ATS stock opened at $28.79 on Friday. The company’s fifty day moving average price is $28.95 and its two-hundred day moving average price is $30.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.51. The firm has a market capitalization of $2.82 billion, a P/E ratio of 21.33 and a beta of 1.05. ATS Co. has a 12 month low of $24.82 and a 12 month high of $44.70.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). ATS had a return on equity of 14.63% and a net margin of 6.11%. The business had revenue of $507.43 million during the quarter, compared to analyst estimates of $502.41 million. On average, research analysts anticipate that ATS Co. will post 1.35 earnings per share for the current fiscal year.

ATS Company Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.