ATS (NYSE:ATS) Sets New 1-Year Low – Here’s What Happened

ATS Corporation (NYSE:ATS)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $17.24 and last traded at $17.3610, with a volume of 46,674 shares traded. The stock had previously closed at $17.62.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ATS. TD Securities cut shares of ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen lowered shares of ATS from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Desjardins assumed coverage on shares of ATS in a report on Tuesday, June 16th. They set a “buy” rating for the company. Finally, Weiss Ratings cut ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, ATS currently has a consensus rating of “Hold” and an average price target of $42.50.

ATS Trading Down 2.2%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. The stock has a market capitalization of $1.67 billion, a P/E ratio of 50.54 and a beta of 1.18. The stock has a 50-day moving average price of $19.34 and a two-hundred day moving average price of $26.04.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA raised its stake in ATS by 2.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 16,423 shares of the company’s stock valued at $461,000 after buying an additional 417 shares during the last quarter. State of Wyoming bought a new position in shares of ATS during the 2nd quarter valued at $33,000. Deutsche Bank AG bought a new position in shares of ATS during the 2nd quarter valued at $311,000. Lazard Asset Management LLC boosted its position in ATS by 19.7% in the first quarter. Lazard Asset Management LLC now owns 69,912 shares of the company’s stock worth $1,972,000 after purchasing an additional 11,486 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of ATS by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 122,456 shares of the company’s stock worth $3,451,000 after buying an additional 12,114 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

ATS Company Profile

ATS Corporation, also known as ATS Automation Tooling Systems, is an industrial automation company that designs, builds and services automated manufacturing and assembly systems. Its solutions combine robotics, precision machinery, controls, software, machine vision and other technologies to help manufacturers improve production efficiency, quality and repeatability.

The company provides custom automation equipment, standardized automation products, production systems, packaging and material-handling solutions, and related aftermarket services.