Allspring Global Investments Holdings LLC Trims Stock Position in ATS Co. (NYSE:ATS)

Allspring Global Investments Holdings LLC trimmed its holdings in ATS Co. (NYSE:ATS) by 21.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 283,858 shares of the company’s stock after selling 78,900 shares during the period. Allspring Global Investments Holdings LLC owned 0.29% of ATS worth $8,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Galibier Capital Management Ltd. grew its holdings in ATS by 440.2% in the fourth quarter. Galibier Capital Management Ltd. now owns 717,571 shares of the company’s stock valued at $21,873,000 after purchasing an additional 584,741 shares during the period. Nicola Wealth Management LTD. acquired a new position in shares of ATS in the 3rd quarter valued at $11,071,000. Intact Investment Management Inc. acquired a new stake in shares of ATS during the 3rd quarter worth $7,777,000. Highland Peak Capital LLC purchased a new stake in shares of ATS during the 3rd quarter worth about $5,798,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in ATS by 73.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 425,392 shares of the company’s stock worth $12,341,000 after buying an additional 180,281 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Stock Down 0.6 %

ATS stock opened at $29.06 on Wednesday. The company has a market capitalization of $2.85 billion, a P/E ratio of 44.03 and a beta of 1.13. The firm has a 50 day simple moving average of $28.97 and a 200-day simple moving average of $28.92. The company has a current ratio of 1.92, a quick ratio of 1.71 and a debt-to-equity ratio of 0.97. ATS Co. has a twelve month low of $24.82 and a twelve month high of $39.58.

ATS (NYSE:ATS) last released its earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. On average, equities research analysts predict that ATS Co. will post 1.06 earnings per share for the current fiscal year.

ATS 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.