Nicola Wealth Management LTD. Acquires Shares of 381,100 ATS Co. (NYSE:ATS)

Nicola Wealth Management LTD. purchased a new position in shares of ATS Co. (NYSE:ATS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 381,100 shares of the company's stock, valued at approximately $11,071,000. Nicola Wealth Management LTD. owned 0.39% of ATS as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in ATS by 4.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company's stock valued at $565,000 after purchasing an additional 804 shares during the period. Swiss National Bank lifted its holdings in shares of ATS by 0.5% in the 1st quarter. Swiss National Bank now owns 167,400 shares of the company's stock valued at $5,631,000 after buying an additional 900 shares during the period. Van ECK Associates Corp lifted its holdings in shares of ATS by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,230 shares of the company's stock valued at $132,000 after buying an additional 936 shares during the period. Bessemer Group Inc. boosted its stake in shares of ATS by 37.7% in the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company's stock worth $140,000 after buying an additional 1,140 shares during the last quarter. Finally, Thornburg Investment Management Inc. raised its position in ATS by 1.0% during the first quarter. Thornburg Investment Management Inc. now owns 178,450 shares of the company's stock valued at $5,471,000 after acquiring an additional 1,821 shares in the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on ATS. The Goldman Sachs Group lowered their price objective 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 shares of ATS from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, August 13th.

ATS Price Performance

Shares of NYSE:ATS traded down $0.59 during trading on Thursday, reaching $28.76. The stock had a trading volume of 271,736 shares, compared to its average volume of 111,844. The business has a fifty day moving average price of $29.13 and a 200-day moving average price of $30.25. ATS Co. has a 1-year low of $24.82 and a 1-year high of $44.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.71 and a current ratio of 2.08. The stock has a market cap of $2.82 billion, a PE ratio of 30.20 and a beta of 1.05.

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.