ACK Asset Management LLC Cuts Stock Holdings in ATS Co. (NYSE:ATS)

ACK Asset Management LLC reduced its position in ATS Co. (NYSE:ATS - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,093,196 shares of the company's stock after selling 162,693 shares during the quarter. ATS makes up about 8.5% of ACK Asset Management LLC's investment portfolio, making the stock its 3rd biggest holding. ACK Asset Management LLC owned approximately 2.14% of ATS worth $63,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATS. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of ATS by 94.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company's stock valued at $54,000 after buying an additional 860 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in ATS by 7.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock worth $199,000 after acquiring an additional 478 shares during the last quarter. Procyon Advisors LLC acquired a new position in ATS in the fourth quarter valued at approximately $293,000. abrdn plc grew its holdings in shares of ATS by 38.5% during the fourth quarter. abrdn plc now owns 13,267 shares of the company's stock valued at $401,000 after purchasing an additional 3,685 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of ATS by 125.0% during the 3rd quarter. Franklin Resources Inc. now owns 14,132 shares of the company's stock worth $431,000 after purchasing an additional 7,850 shares during the period. Institutional investors and hedge funds own 75.84% of the company's stock.

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ATS Stock Performance

Shares of NYSE ATS traded up $0.53 during mid-day trading on Friday, hitting $24.06. The company had a trading volume of 82,761 shares, compared to its average volume of 129,820. ATS Co. has a 12 month low of $20.90 and a 12 month high of $35.42. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 36.45 and a beta of 1.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. The firm's 50 day simple moving average is $27.09 and its two-hundred day simple moving average is $28.79.

ATS (NYSE:ATS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. As a group, equities research analysts forecast that ATS Co. will post 1.02 earnings per share for the current year.

ATS Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.