ATS Co. (NYSE:ATS) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lessened its position in ATS Co. (NYSE:ATS - Free Report) by 18.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 296,607 shares of the company's stock after selling 67,372 shares during the period. CIBC Asset Management Inc owned approximately 0.30% of ATS worth $12,825,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of ATS by 10.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 517,284 shares of the company's stock valued at $22,331,000 after purchasing an additional 47,896 shares in the last quarter. TD Asset Management Inc raised its holdings in ATS by 7.9% in the fourth quarter. TD Asset Management Inc now owns 637,517 shares of the company's stock worth $27,608,000 after purchasing an additional 46,641 shares in the last quarter. JARISLOWSKY FRASER Ltd boosted its holdings in ATS by 6.5% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 63,194 shares of the company's stock worth $2,737,000 after acquiring an additional 3,867 shares in the last quarter. Aigen Investment Management LP purchased a new position in ATS in the fourth quarter worth about $315,000. Finally, Beutel Goodman & Co Ltd. raised its position in ATS by 0.8% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,165,819 shares of the company's stock worth $50,492,000 after buying an additional 9,804 shares during the last quarter. Institutional investors own 75.84% of the company's stock.

ATS Price Performance

Shares of NYSE:ATS traded up $0.56 during midday trading on Tuesday, reaching $32.28. 60,756 shares of the company's stock traded hands, compared to its average volume of 102,139. The company has a market cap of $3.16 billion and a P/E ratio of 22.11. ATS Co. has a 1 year low of $29.78 and a 1 year high of $48.89. The company has a fifty day simple moving average of $32.52 and a two-hundred day simple moving average of $37.54. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.42 and a current ratio of 1.70.

ATS (NYSE:ATS - Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. The firm had revenue of $587.12 million during the quarter, compared to analysts' expectations of $534.08 million. ATS had a net margin of 6.39% and a return on equity of 15.97%. Equities analysts predict that ATS Co. will post 1.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of ATS from $43.00 to $38.00 and set a "neutral" rating on the stock in a research note on Friday, May 24th. Scotiabank upgraded ATS to a "hold" rating in a research report on Friday, May 17th. Finally, The Goldman Sachs Group assumed coverage on ATS in a report on Tuesday, March 26th. They set a "sell" rating and a $34.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, ATS presently has an average rating of "Hold" and a consensus target price of $45.67.

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.