Susquehanna International Group LLP Purchases Shares of 34,791 ATS Corporation $ATS

Susquehanna International Group LLP purchased a new stake in ATS Corporation (NYSE:ATS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,791 shares of the company’s stock, valued at approximately $1,001,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new stake in ATS in the 4th quarter valued at about $29,000. State of Wyoming bought a new position in shares of ATS in the 2nd quarter valued at $33,000. Quarry LP acquired a new position in ATS during the third quarter worth about $32,000. Raymond James Financial Inc. acquired a new position in ATS during the 2nd quarter worth approximately $43,000. Finally, Barclays PLC increased its holdings in shares of ATS by 16.8% during the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after buying an additional 756 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Stock Performance

NYSE ATS opened at $19.22 on Monday. ATS Corporation has a 1 year low of $18.88 and a 1 year high of $35.82. The company’s 50 day simple moving average is $24.89 and its two-hundred day simple moving average is $28.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.33. The stock has a market capitalization of $1.89 billion, a PE ratio of 56.53 and a beta of 1.22.

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

Analyst Ratings Changes

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

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.