Canoe Financial LP Cuts Stake in ATS Co. (NYSE:ATS)

Canoe Financial LP reduced its stake in ATS Co. (NYSE:ATS - Free Report) by 9.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 623,509 shares of the company's stock after selling 63,370 shares during the quarter. Canoe Financial LP owned about 0.64% of ATS worth $18,541,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in shares of ATS by 91.5% in the second 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 last quarter. Bessemer Group Inc. raised its stake in ATS by 37.7% in the 1st quarter. Bessemer Group Inc. now owns 4,164 shares of the company's stock worth $140,000 after acquiring an additional 1,140 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in ATS during the 2nd quarter worth about $286,000. Dynasty Wealth Management LLC purchased a new stake in ATS during the 1st quarter valued at about $337,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ATS by 4.8% in 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. 75.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ATS. The Goldman Sachs Group decreased their target price on ATS from $34.00 to $30.00 and set a "sell" rating for the company in a report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $42.00.

ATS Stock Performance

ATS stock traded up $0.17 during midday trading on Monday, hitting $30.61. 128,191 shares of the company were exchanged, compared to its average volume of 107,674. The firm has a market capitalization of $3.00 billion, a PE ratio of 20.69 and a beta of 1.17. ATS Co. has a fifty-two week low of $24.82 and a fifty-two week high of $44.70. The business has a fifty day simple moving average of $28.37 and a two-hundred day simple moving average of $30.41. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.51 and a current ratio of 1.79.

ATS (NYSE:ATS - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $507.43 million for 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%. On average, sell-side analysts forecast that ATS Co. will post 1.45 earnings per share for the current 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.