Dixon Mitchell Investment Counsel Inc. Purchases 97,900 Shares of ATS Co. (NYSE:ATS)

Dixon Mitchell Investment Counsel Inc. raised its holdings in ATS Co. (NYSE:ATS - Free Report) by 41.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,525 shares of the company's stock after acquiring an additional 97,900 shares during the quarter. Dixon Mitchell Investment Counsel Inc. owned 0.34% of ATS worth $9,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ATS by 4.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company's stock worth $565,000 after buying an additional 804 shares during the period. Swiss National Bank raised its holdings in ATS by 0.5% during the 1st quarter. Swiss National Bank now owns 167,400 shares of the company's stock worth $5,631,000 after buying an additional 900 shares during the period. Bessemer Group Inc. raised its holdings in ATS by 37.7% during the 1st 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 period. Van ECK Associates Corp raised its holdings in ATS by 91.5% during the 2nd quarter. Van ECK Associates Corp now owns 3,294 shares of the company's stock worth $106,000 after buying an additional 1,574 shares during the period. Finally, Thornburg Investment Management Inc. raised its holdings in ATS by 1.0% during the 1st quarter. Thornburg Investment Management Inc. now owns 178,450 shares of the company's stock worth $5,471,000 after buying an additional 1,821 shares during the period. 75.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ATS. The Goldman Sachs Group cut their price objective on ATS from $34.00 to $30.00 and set a "sell" rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. cut their price objective on ATS from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.00.

ATS Stock Up 3.7 %

Shares of ATS traded up $1.11 during trading hours on Friday, reaching $31.51. The company's stock had a trading volume of 112,132 shares, compared to its average volume of 105,318. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 21.58 and a beta of 1.17. ATS Co. has a 1-year low of $24.82 and a 1-year high of $44.70. The company has a quick ratio of 1.51, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average of $27.94 and a two-hundred day moving average of $30.47.

ATS (NYSE:ATS - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The business had revenue of $507.43 million during the quarter, compared to analyst estimates of $502.41 million. ATS had a net margin of 6.11% and a return on equity of 14.63%. As a group, research analysts predict that ATS Co. will post 1.45 EPS for the current fiscal year.

ATS 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.