ATS Corporation $ATS Stock Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its position in ATS Corporation (NYSE:ATS) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,600,087 shares of the company’s stock after selling 83,596 shares during the period. TD Waterhouse Canada Inc.’s holdings in ATS were worth $28,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ATS. Royal Bank of Canada lifted its stake in ATS by 1.5% during the 1st quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock valued at $218,884,000 after acquiring an additional 117,291 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in shares of ATS by 4.1% in the 1st quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock valued at $202,081,000 after acquiring an additional 279,327 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of ATS in the 2nd quarter valued at $66,908,000. Janus Henderson Group PLC increased its stake in shares of ATS by 166.5% in the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after acquiring an additional 1,435,375 shares during the period. Finally, Hill City Capital LP acquired a new stake in shares of ATS in the second quarter worth $47,483,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. TD Securities downgraded shares of ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings lowered shares of ATS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.50.

ATS Stock Up 0.6%

Shares of ATS opened at $18.19 on Friday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 53.51 and a beta of 1.18. ATS Corporation has a 52 week low of $17.15 and a 52 week high of $35.82. The stock’s 50-day moving average price is $19.01 and its 200-day moving average price is $25.83. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75.

ATS (NYSE:ATS) last announced its quarterly 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 company had revenue of $488.38 million for the quarter, compared to analysts’ expectations of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. On average, sell-side analysts predict that ATS Corporation will post 1.04 EPS for the current year.

ATS 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.