Beutel Goodman & Co Ltd. Buys 5,425,613 Shares of ATS Co. (NYSE:ATS)

Beutel Goodman & Co Ltd. boosted its stake in shares of ATS Co. (NYSE:ATS - Free Report) by 497.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,515,682 shares of the company's stock after acquiring an additional 5,425,613 shares during the period. Beutel Goodman & Co Ltd. owned 6.65% of ATS worth $198,614,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of ATS by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock worth $98,486,000 after purchasing an additional 51,365 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in ATS by 333.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,671,264 shares of the company's stock valued at $50,905,000 after buying an additional 1,285,598 shares during the period. FMR LLC raised its position in shares of ATS by 9.5% in the 3rd quarter. FMR LLC now owns 1,639,373 shares of the company's stock valued at $47,565,000 after buying an additional 142,671 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in shares of ATS by 15.9% during the 4th quarter. Alberta Investment Management Corp now owns 1,086,700 shares of the company's stock worth $33,125,000 after acquiring an additional 148,700 shares during the period. Finally, Norges Bank acquired a new stake in shares of ATS during the 4th quarter worth approximately $31,295,000. 75.84% of the stock is owned by institutional investors and hedge funds.

Remove Ads

ATS Price Performance

ATS traded up $0.94 during trading on Wednesday, hitting $26.29. 33,981 shares of the stock traded hands, compared to its average volume of 127,119. The business has a 50 day moving average price of $27.87 and a 200 day moving average price of $29.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. ATS Co. has a twelve month low of $24.52 and a twelve month high of $35.42. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 39.83 and a beta of 0.98.

ATS (NYSE:ATS - Get Free Report) last posted 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%. Equities research analysts forecast that ATS Co. will post 1.02 earnings per share for the current fiscal year.

ATS Company 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.