Public Employees Retirement System of Ohio Makes New $817,000 Investment in ATS Corporation $ATS

Public Employees Retirement System of Ohio acquired a new position in shares of ATS Corporation (NYSE:ATS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,366 shares of the company’s stock, valued at approximately $817,000.

Other hedge funds have also modified their holdings of the company. Jupiter Topco LLC purchased a new position in ATS in the second quarter valued at $66,908,000. Bank of Montreal Can raised its position in ATS by 187.1% in the 4th quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock valued at $83,269,000 after purchasing an additional 1,970,040 shares in the last quarter. Hill City Capital LP acquired a new stake in ATS in the 2nd quarter valued at about $47,483,000. Janus Henderson Group PLC boosted its stake in shares of ATS by 166.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after buying an additional 1,435,375 shares during the period. Finally, Alberta Investment Management Corp purchased a new position in shares of ATS in the 2nd quarter valued at about $33,904,000. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Price Performance

Shares of NYSE ATS opened at $19.35 on Thursday. 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 Corporation has a fifty-two week low of $18.41 and a fifty-two week high of $35.82. The firm has a market capitalization of $1.90 billion, a PE ratio of 56.91 and a beta of 1.17. The stock’s 50-day simple moving average is $23.50 and its 200-day simple moving average is $28.12.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATS shares. Weiss Ratings upgraded shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. Wall Street Zen downgraded shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Desjardins initiated coverage on shares of ATS in a report on Tuesday, June 16th. They set a “buy” rating for the company. Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Finally, TD Securities lowered shares of ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.50.

ATS Company 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.