Connor Clark & Lunn Investment Management Ltd. Sells 1,796,059 Shares of ATS Co. (NYSE:ATS)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of ATS Co. (NYSE:ATS - Free Report) by 82.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 385,666 shares of the company's stock after selling 1,796,059 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.39% of ATS worth $11,188,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of ATS by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,916,009 shares of the company's stock worth $98,328,000 after acquiring an additional 32,123 shares in the last quarter. Bessemer Group Inc. lifted its stake in ATS by 37.7% in the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company's stock valued at $140,000 after buying an additional 1,140 shares in the last quarter. Capital World Investors raised its holdings in shares of ATS by 2.4% during the first quarter. Capital World Investors now owns 4,578,084 shares of the company's stock worth $154,050,000 after acquiring an additional 107,351 shares during the period. Quadrature Capital Ltd bought a new stake in ATS in the 1st quarter valued at $701,000. Finally, 1832 Asset Management L.P. increased its holdings in ATS by 90.1% during the 1st quarter. 1832 Asset Management L.P. now owns 439,400 shares of the company's stock worth $14,817,000 after purchasing an additional 208,200 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company's stock.

ATS Stock Up 7.0 %

NYSE ATS traded up $2.04 during trading hours on Friday, hitting $31.28. 122,626 shares of the company traded hands, compared to its average volume of 112,009. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 30.42 and a beta of 1.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.71 and a current ratio of 2.08. ATS Co. has a twelve month low of $24.82 and a twelve month high of $44.70. The business's 50-day moving average is $29.48 and its 200-day moving average is $30.12.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on ATS from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, August 13th. The Goldman Sachs Group dropped their target price on ATS from $34.00 to $30.00 and set a "sell" rating on the stock in a research report on Tuesday, August 13th.

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.