Highland Peak Capital LLC Takes $5.80 Million Position in ATS Co. (NYSE:ATS)

Highland Peak Capital LLC purchased a new position in shares of ATS Co. (NYSE:ATS - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 199,810 shares of the company's stock, valued at approximately $5,798,000. ATS makes up 2.5% of Highland Peak Capital LLC's holdings, making the stock its 8th largest holding. Highland Peak Capital LLC owned approximately 0.20% of ATS as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of ATS by 91.5% during the second quarter. Van ECK Associates Corp now owns 3,294 shares of the company's stock worth $106,000 after purchasing an additional 1,574 shares during the period. Bessemer Group Inc. raised its position in shares of ATS by 37.7% during the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company's stock worth $140,000 after purchasing an additional 1,140 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of ATS during the second quarter worth approximately $286,000. Dynasty Wealth Management LLC acquired a new position in shares of ATS during the first quarter worth approximately $337,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ATS by 4.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company's stock worth $565,000 after purchasing an additional 804 shares during the period. 75.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ATS has been the topic of a number of research reports. The Goldman Sachs Group lowered 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. JPMorgan Chase & Co. lowered their price target on ATS from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, August 13th.

ATS Stock Down 1.2 %

NYSE ATS traded down $0.36 on Thursday, reaching $29.24. The company had a trading volume of 106,994 shares, compared to its average volume of 111,786. The stock has a market capitalization of $2.86 billion, a P/E ratio of 30.83 and a beta of 1.05. The company's fifty day moving average is $29.42 and its 200 day moving average is $30.13. ATS Co. has a 52-week low of $24.82 and a 52-week high of $44.70. The company has a quick ratio of 1.71, a current ratio of 2.08 and a debt-to-equity ratio of 1.00.

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.