Natixis Advisors LLC Buys 7,195 Shares of ATS Co. (NYSE:ATS)

Natixis Advisors LLC boosted its stake in shares of ATS Co. (NYSE:ATS) by 8.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,935 shares of the company’s stock after acquiring an additional 7,195 shares during the period. Natixis Advisors LLC owned 0.09% of ATS worth $2,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings 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 last quarter. Bessemer Group Inc. lifted its position in shares of 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 purchasing an additional 1,140 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in ATS in the second quarter worth $286,000. Dynasty Wealth Management LLC purchased a new stake in ATS during the first quarter worth about $337,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ATS by 4.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock worth $565,000 after purchasing an additional 804 shares during the period. 75.84% of the stock is owned by institutional investors and hedge funds.

ATS Trading Up 7.0 %

Shares of ATS opened at $31.28 on Monday. The business’s 50-day moving average price is $29.59 and its 200-day moving average price is $30.09. The company has a quick ratio of 1.71, a current ratio of 2.08 and a debt-to-equity ratio of 1.00. ATS Co. has a twelve month low of $24.82 and a twelve month high of $44.70. The stock has a market cap of $3.06 billion, a PE ratio of 32.58 and a beta of 1.05.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group cut their target price on shares of ATS from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Tuesday, August 13th. JPMorgan Chase & Co. reduced 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.

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.