1832 Asset Management L.P. Acquires 180,129 Shares of ATS Co. (NYSE:ATS)

1832 Asset Management L.P. increased its holdings in ATS Co. (NYSE:ATS) by 41.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 619,529 shares of the company’s stock after purchasing an additional 180,129 shares during the period. 1832 Asset Management L.P. owned approximately 0.63% of ATS worth $20,017,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ATS. Van ECK Associates Corp lifted its position in shares of ATS by 91.5% in the second quarter. Van ECK Associates Corp now owns 3,294 shares of the company’s stock worth $106,000 after buying an additional 1,574 shares during the last quarter. Bessemer Group Inc. lifted its holdings in ATS by 37.7% in the 1st quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock worth $140,000 after purchasing an additional 1,140 shares during the last quarter. Steph & Co. boosted its position in ATS by 133.6% during the first quarter. Steph & Co. now owns 6,215 shares of the company’s stock worth $210,000 after purchasing an additional 3,554 shares during the period. Hantz Financial Services Inc. acquired a new position in ATS during the second quarter valued at approximately $286,000. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of ATS in the first quarter worth $337,000. 75.84% of the stock is owned by institutional investors and hedge funds.

ATS Trading Up 0.3 %

Shares of ATS stock opened at $28.81 on Tuesday. ATS Co. has a 52-week low of $24.82 and a 52-week high of $44.70. The firm has a market capitalization of $2.82 billion, a PE ratio of 19.73 and a beta of 1.17. 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 company’s fifty day moving average price is $28.07 and its two-hundred day moving average price is $31.25.

ATS (NYSE:ATS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $507.43 million during the quarter, compared to analyst estimates of $502.41 million. ATS had a return on equity of 14.63% and a net margin of 6.11%. On average, analysts expect that ATS Co. will post 1.45 EPS for the current year.

Analyst Ratings Changes

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

About ATS

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.