Massachusetts Financial Services Co. MA Reduces Stake in ATS Co. (NYSE:ATS)

Massachusetts Financial Services Co. MA lowered its position in ATS Co. (NYSE:ATS) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 566,410 shares of the company’s stock after selling 18,697 shares during the period. Massachusetts Financial Services Co. MA owned about 0.58% of ATS worth $18,301,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of ATS by 91.5% during the 2nd quarter. Van ECK Associates Corp now owns 3,294 shares of the company’s stock valued at $106,000 after purchasing an additional 1,574 shares during the period. Bessemer Group Inc. increased its holdings in ATS by 37.7% during the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock valued at $140,000 after buying an additional 1,140 shares during the last quarter. Steph & Co. raised its position in ATS by 133.6% in the first quarter. Steph & Co. now owns 6,215 shares of the company’s stock worth $210,000 after acquiring an additional 3,554 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of ATS during the 2nd quarter worth $286,000. Finally, Aigen Investment Management LP bought a new stake in shares of ATS during the 4th quarter valued at $315,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Trading Up 1.0 %

Shares of ATS stock opened at $28.73 on Friday. ATS Co. has a fifty-two week low of $24.82 and a fifty-two week high of $44.70. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.51 and a current ratio of 1.79. The company has a market capitalization of $2.81 billion, a P/E ratio of 19.68 and a beta of 1.17. The company has a fifty day moving average of $28.16 and a 200 day moving average of $31.40.

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

Analyst Upgrades and Downgrades

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

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.