Cidel Asset Management Inc. Sells 11,071 Shares of ATS Co. (NYSE:ATS)

Cidel Asset Management Inc. decreased its stake in shares of ATS Co. (NYSE:ATS - Free Report) by 59.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,636 shares of the company's stock after selling 11,071 shares during the period. Cidel Asset Management Inc.'s holdings in ATS were worth $233,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. abrdn plc boosted 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 worth $401,000 after purchasing an additional 3,685 shares during the last quarter. Galibier Capital Management Ltd. lifted its stake in shares of ATS by 440.2% during the fourth quarter. Galibier Capital Management Ltd. now owns 717,571 shares of the company's stock worth $21,873,000 after purchasing an additional 584,741 shares in the last quarter. Canoe Financial LP lifted its stake in shares of ATS by 3.0% during the fourth quarter. Canoe Financial LP now owns 641,989 shares of the company's stock worth $19,566,000 after purchasing an additional 18,480 shares in the last quarter. Procyon Advisors LLC acquired a new position in shares of ATS during the fourth quarter worth about $293,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company's stock worth $54,000 after purchasing an additional 860 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company's stock.

ATS Stock Down 0.2 %

Shares of NYSE ATS traded down $0.06 during midday trading on Wednesday, reaching $29.24. 58,096 shares of the company's stock were exchanged, compared to its average volume of 135,761. ATS Co. has a 52-week low of $24.82 and a 52-week high of $39.59. The stock has a market capitalization of $2.86 billion, a PE ratio of 44.30 and a beta of 1.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.71 and a current ratio of 1.92. The business's fifty day moving average price is $29.18 and its two-hundred day moving average price is $28.94.

ATS (NYSE:ATS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. Analysts forecast that ATS Co. will post 1.06 EPS 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.