CIBC Asset Management Inc Purchases 1,269 Shares of ATS Co. (NYSE:ATS)

CIBC Asset Management Inc raised its position in ATS Co. (NYSE:ATS) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 325,449 shares of the company’s stock after purchasing an additional 1,269 shares during the period. CIBC Asset Management Inc’s holdings in ATS were worth $9,446,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Nicola Wealth Management LTD. bought a new stake in ATS in the third quarter valued at approximately $11,071,000. Aigen Investment Management LP increased its position in shares of ATS by 19.8% during the third quarter. Aigen Investment Management LP now owns 20,493 shares of the company’s stock worth $595,000 after acquiring an additional 3,381 shares in the last quarter. Fiera Capital Corp increased its position in shares of ATS by 18.3% during the third quarter. Fiera Capital Corp now owns 584,804 shares of the company’s stock worth $16,989,000 after acquiring an additional 90,443 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of ATS by 3.4% during the third quarter. Principal Financial Group Inc. now owns 661,040 shares of the company’s stock worth $19,201,000 after acquiring an additional 21,500 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of ATS during the third quarter worth $7,777,000. Institutional investors own 75.84% of the company’s stock.

ATS Stock Performance

Shares of ATS stock opened at $28.14 on Friday. The stock has a market cap of $2.76 billion, a P/E ratio of 29.31 and a beta of 1.05. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.08 and a quick ratio of 1.71. The company has a fifty day moving average price of $29.25 and a two-hundred day moving average price of $30.21. ATS Co. has a one year low of $24.82 and a one year high of $44.70.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. The Goldman Sachs Group reduced their target price on shares of ATS from $34.00 to $30.00 and set a “sell” rating for the company in a report on Tuesday, August 13th.

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.