TD Waterhouse Canada Inc. Has $47.43 Million Stock Position in ATS Corporation $ATS

TD Waterhouse Canada Inc. boosted its position in shares of ATS Corporation (NYSE:ATS) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,683,683 shares of the company’s stock after purchasing an additional 49,234 shares during the period. TD Waterhouse Canada Inc. owned about 1.72% of ATS worth $47,431,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in shares of ATS in the second quarter valued at approximately $1,001,000. Van ECK Associates Corp grew its position in ATS by 91.6% during the 2nd quarter. Van ECK Associates Corp now owns 46,507 shares of the company’s stock worth $1,339,000 after acquiring an additional 22,236 shares during the last quarter. Hill City Capital LP acquired a new stake in ATS during the 2nd quarter valued at $47,482,884. Public Employees Retirement System of Ohio acquired a new stake in ATS during the 2nd quarter valued at $817,000. Finally, PenderFund Capital Management Ltd. bought a new position in ATS in the 2nd quarter valued at $1,087,000. 75.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATS. Desjardins began coverage on ATS in a research note on Tuesday, June 16th. They issued a “buy” rating on the stock. Royal Bank Of Canada lowered their target price on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Finally, TD Securities cut shares of ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.50.

ATS Stock Up 3.1%

NYSE ATS opened at $19.60 on Friday. The stock has a fifty day moving average of $24.19 and a 200-day moving average of $28.46. The stock has a market capitalization of $1.92 billion, a P/E ratio of 57.65 and a beta of 1.17. ATS Corporation has a 52 week low of $18.41 and a 52 week high of $35.82. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63.

ATS (NYSE:ATS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $488.38 million for the quarter, compared to analyst estimates of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The company’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts forecast that ATS Corporation will post 1.12 EPS for the current year.

ATS Profile

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.