1,027,456 Shares in ATS Co. (NYSE:ATS) Bought by Norges Bank

Norges Bank purchased a new stake in shares of ATS Co. (NYSE:ATS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,027,456 shares of the company's stock, valued at approximately $31,295,000. Norges Bank owned approximately 1.05% of ATS at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of ATS by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company's stock valued at $98,486,000 after purchasing an additional 51,365 shares in the last quarter. Northwest & Ethical Investments L.P. raised its holdings in ATS by 7.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company's stock worth $199,000 after acquiring an additional 478 shares during the period. Royce & Associates LP grew its position in ATS by 20.8% in the 4th quarter. Royce & Associates LP now owns 75,500 shares of the company's stock worth $2,303,000 after purchasing an additional 13,000 shares during the last quarter. Natixis Advisors LLC grew its position in ATS by 5.0% in the 4th quarter. Natixis Advisors LLC now owns 94,430 shares of the company's stock worth $2,878,000 after purchasing an additional 4,495 shares during the last quarter. Finally, Intact Investment Management Inc. grew its position in ATS by 46.3% in the 4th quarter. Intact Investment Management Inc. now owns 392,160 shares of the company's stock worth $11,959,000 after purchasing an additional 124,150 shares during the last quarter. Institutional investors own 75.84% of the company's stock.

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ATS Stock Performance

NYSE ATS traded down $0.90 during midday trading on Thursday, hitting $23.75. The company had a trading volume of 22,434 shares, compared to its average volume of 129,605. The company has a quick ratio of 1.58, a current ratio of 1.92 and a debt-to-equity ratio of 0.97. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 35.99 and a beta of 1.10. The firm has a fifty day simple moving average of $27.20 and a two-hundred day simple moving average of $28.87. ATS Co. has a fifty-two week low of $20.90 and a fifty-two week high of $35.42.

ATS (NYSE:ATS - Get Free Report) last issued its earnings results 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 net margin of 3.27% and a return on equity of 9.95%. Equities analysts forecast that ATS Co. will post 1.02 earnings per share for the current fiscal year.

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.