ATS Co. (NYSE:ATS) Sees Large Drop in Short Interest

ATS Co. (NYSE:ATS) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,790,000 shares, a decrease of 6.2% from the January 15th total of 4,040,000 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 139,500 shares, the short-interest ratio is currently 27.2 days.

ATS Trading Down 0.3 %

ATS stock opened at $28.95 on Thursday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 43.86 and a beta of 1.13. ATS has a 1 year low of $24.82 and a 1 year high of $39.58. The firm’s 50 day moving average price is $28.87 and its two-hundred day moving average price is $28.93. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.92.

ATS (NYSE:ATS) last issued its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (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, research analysts predict that ATS will post 1.02 EPS for the current fiscal year.

Institutional Trading of ATS

A number of hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock valued at $54,000 after acquiring an additional 860 shares during the period. Tower Research Capital LLC TRC lifted its position in ATS by 561.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company’s stock worth $66,000 after buying an additional 1,843 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of ATS by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,230 shares of the company’s stock valued at $132,000 after buying an additional 936 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in shares of ATS by 7.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company’s stock valued at $199,000 after acquiring an additional 478 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of ATS by 41.6% in the fourth quarter. Deutsche Bank AG now owns 7,320 shares of the company’s stock worth $223,000 after acquiring an additional 2,149 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

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.