ATS Co. (NYSE:ATS) Sees Significant Increase in Short Interest

ATS Co. (NYSE:ATS) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,130,000 shares, a growth of 9.8% from the October 15th total of 2,850,000 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 143,600 shares, the short-interest ratio is presently 21.8 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ATS shares. JPMorgan Chase & Co. lowered their target price on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. The Goldman Sachs Group lowered 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 Trading Up 2.9 %

NYSE:ATS opened at $28.96 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00. ATS has a 12 month low of $24.82 and a 12 month high of $44.70. The company has a market cap of $2.84 billion, a PE ratio of 29.31 and a beta of 1.05. The company has a 50 day simple moving average of $29.25 and a two-hundred day simple moving average of $30.18.

Institutional Investors Weigh In On ATS

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in ATS by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 38,987 shares of the company’s stock worth $1,136,000 after purchasing an additional 1,920 shares during the period. Barclays PLC bought a new stake in shares of ATS during the 3rd quarter valued at $510,000. Public Employees Retirement System of Ohio bought a new stake in shares of ATS during the 3rd quarter valued at $722,000. National Bank of Canada FI grew its position in shares of ATS by 29.0% during the 3rd quarter. National Bank of Canada FI now owns 418,651 shares of the company’s stock valued at $12,162,000 after acquiring an additional 94,158 shares during the period. Finally, Jane Street Group LLC grew its position in shares of ATS by 33.6% during the 3rd quarter. Jane Street Group LLC now owns 40,970 shares of the company’s stock valued at $1,189,000 after acquiring an additional 10,314 shares during the period. Institutional investors own 75.84% of the company’s stock.

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.