Purpose Unlimited Inc. Makes New $793,000 Investment in ATS Corporation $ATS

Purpose Unlimited Inc. bought a new stake in shares of ATS Corporation (NYSE:ATS) in the fourth quarter, Holdings Channel reports. The fund bought 28,802 shares of the company’s stock, valued at approximately $793,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in shares of ATS by 3.9% in the fourth quarter. Stifel Financial Corp now owns 12,593 shares of the company’s stock worth $347,000 after buying an additional 467 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in ATS by 3.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,006 shares of the company’s stock valued at $442,000 after acquiring an additional 468 shares in the last quarter. Barclays PLC increased its holdings in ATS by 16.8% during the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after acquiring an additional 756 shares during the period. Smartleaf Asset Management LLC bought a new stake in ATS during the 4th quarter worth approximately $29,000. Finally, Quarry LP purchased a new stake in ATS in the 3rd quarter worth approximately $32,000. 75.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Desjardins assumed coverage on shares of ATS in a report on Tuesday. They issued a “buy” rating for the company. Royal Bank Of Canada decreased their price target on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Zacks Research downgraded ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Finally, Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, ATS currently has a consensus rating of “Hold” and a consensus price target of $42.50.

ATS Trading Down 0.2%

NYSE ATS opened at $27.99 on Friday. The stock’s 50-day simple moving average is $31.32 and its two-hundred day simple moving average is $30.01. ATS Corporation has a twelve month low of $23.84 and a twelve month high of $35.82. The company has a quick ratio of 1.36, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 53.82 and a beta of 1.20.

ATS (NYSE:ATS) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). ATS had a return on equity of 9.40% and a net margin of 2.40%.The firm had revenue of $535.09 million during the quarter, compared to analysts’ expectations of $529.43 million. Research analysts forecast that ATS Corporation will post 1.38 EPS for the current fiscal year.

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.