ATS Co. (NYSE:ATS) Shares Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd raised its position in ATS Co. (NYSE:ATS) by 138.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 83,047 shares of the company’s stock after buying an additional 48,278 shares during the quarter. Lombard Odier Asset Management Europe Ltd owned about 0.08% of ATS worth $2,688,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. 1832 Asset Management L.P. grew its holdings in shares of ATS by 90.1% in the 1st quarter. 1832 Asset Management L.P. now owns 439,400 shares of the company’s stock worth $14,817,000 after acquiring an additional 208,200 shares during the period. The Manufacturers Life Insurance Company grew its holdings in ATS by 10.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 517,284 shares of the company’s stock valued at $22,331,000 after purchasing an additional 47,896 shares during the last quarter. ACK Asset Management LLC increased its position in shares of ATS by 6.8% in the fourth quarter. ACK Asset Management LLC now owns 1,304,980 shares of the company’s stock valued at $56,205,000 after buying an additional 83,639 shares in the last quarter. Capital International Sarl raised its stake in shares of ATS by 40.7% during the 1st quarter. Capital International Sarl now owns 149,785 shares of the company’s stock worth $5,044,000 after buying an additional 43,336 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of ATS by 18.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,602 shares of the company’s stock worth $10,907,000 after buying an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Analysts Set New Price Targets

ATS has been the subject of several recent research reports. The Goldman Sachs Group dropped 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. JPMorgan Chase & Co. dropped their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.00.

ATS Price Performance

NYSE:ATS opened at $28.81 on Tuesday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 19.73 and a beta of 1.17. ATS Co. has a 12-month low of $24.82 and a 12-month high of $44.70. The company has a current ratio of 1.79, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average is $28.07 and its two-hundred day moving average is $31.25.

ATS (NYSE:ATS) last announced its quarterly earnings data 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 firm had revenue of $507.43 million for the quarter, compared to analysts’ expectations of $502.41 million. ATS had a net margin of 6.11% and a return on equity of 14.63%. Research analysts expect that ATS Co. will post 1.45 EPS for the current year.

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.