Galibier Capital Management Ltd. Purchases 22,000 Shares of ATS Co. (NYSE:ATS)

Galibier Capital Management Ltd. lifted its holdings in shares of ATS Co. (NYSE:ATS - Free Report) by 19.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,830 shares of the company's stock after acquiring an additional 22,000 shares during the period. ATS accounts for approximately 0.9% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 18th biggest holding. Galibier Capital Management Ltd. owned approximately 0.14% of ATS worth $3,858,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in ATS by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 362,758 shares of the company's stock worth $10,537,000 after buying an additional 3,661 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its holdings in ATS by 41.0% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 336,525 shares of the company's stock valued at $9,775,000 after purchasing an additional 97,900 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of ATS by 135.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company's stock worth $104,707,000 after acquiring an additional 1,862,912 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of ATS by 153.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,949 shares of the company's stock worth $742,000 after acquiring an additional 13,907 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of ATS by 21.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 245,111 shares of the company's stock worth $7,933,000 after acquiring an additional 42,886 shares during the period. Hedge funds and other institutional investors own 75.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ATS. The Goldman Sachs Group dropped their price target on shares of ATS from $34.00 to $30.00 and set a "sell" rating on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. decreased their target price on shares of ATS from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, August 13th. One investment 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.00.

ATS Trading Up 2.4 %

Shares of ATS stock traded up $0.72 on Wednesday, reaching $30.55. 63,401 shares of the company were exchanged, compared to its average volume of 107,862. ATS Co. has a fifty-two week low of $24.82 and a fifty-two week high of $44.70. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.55 and a beta of 1.17. The company has a current ratio of 1.79, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $28.49 and a 200-day moving average price of $30.40.

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 the consensus estimate of $0.38 by ($0.01). The firm had revenue of $507.43 million during the quarter, compared to analyst estimates of $502.41 million. ATS had a return on equity of 14.63% and a net margin of 6.11%. On average, analysts expect that ATS Co. will post 1.45 EPS for the current 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.