Connor Clark & Lunn Investment Management Ltd. Increases Stake in ATS Co. (NYSE:ATS)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in ATS Co. (NYSE:ATS - Free Report) by 333.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,671,264 shares of the company's stock after acquiring an additional 1,285,598 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 1.71% of ATS worth $50,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in ATS by 28.4% in the third quarter. Van ECK Associates Corp now owns 4,230 shares of the company's stock worth $132,000 after purchasing an additional 936 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of ATS by 3.4% in the third quarter. Principal Financial Group Inc. now owns 661,040 shares of the company's stock worth $19,201,000 after buying an additional 21,500 shares during the last quarter. Aigen Investment Management LP grew its position in ATS by 19.8% during the third quarter. Aigen Investment Management LP now owns 20,493 shares of the company's stock valued at $595,000 after buying an additional 3,381 shares during the period. Nicola Wealth Management LTD. purchased a new stake in ATS during the third quarter valued at approximately $11,071,000. Finally, CIBC Asset Management Inc increased its holdings in ATS by 0.4% during the third quarter. CIBC Asset Management Inc now owns 325,449 shares of the company's stock valued at $9,446,000 after buying an additional 1,269 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

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ATS Stock Performance

Shares of ATS stock traded up $1.07 on Friday, hitting $27.20. 49,693 shares of the company's stock were exchanged, compared to its average volume of 128,116. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.92. The stock has a market capitalization of $2.66 billion, a PE ratio of 41.17 and a beta of 0.98. ATS Co. has a 1 year low of $24.82 and a 1 year high of $37.54. The company has a 50-day simple moving average of $28.04 and a 200-day simple moving average of $29.00.

ATS (NYSE:ATS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, hitting 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 analysts anticipate that ATS Co. will post 1.02 EPS for the current year.

About ATS

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.