Intact Investment Management Inc. Purchases Shares of 268,010 ATS Co. (NYSE:ATS)

Intact Investment Management Inc. purchased a new stake in shares of ATS Co. (NYSE:ATS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 268,010 shares of the company's stock, valued at approximately $7,777,000. Intact Investment Management Inc. owned about 0.27% of ATS at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ATS. Swiss National Bank increased its position in shares of 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 purchasing an additional 900 shares during the last quarter. Vanguard Group Inc. increased its position in shares of ATS by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,916,009 shares of the company's stock valued at $98,328,000 after acquiring an additional 32,123 shares during the last quarter. Roubaix Capital LLC purchased a new stake in shares of ATS in the 1st quarter valued at approximately $806,000. Thornburg Investment Management Inc. lifted its holdings in shares of ATS by 1.0% in the 1st quarter. Thornburg Investment Management Inc. now owns 178,450 shares of the company's stock worth $5,471,000 after acquiring an additional 1,821 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of 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 purchasing an additional 1,140 shares during the period. Hedge funds and other institutional investors own 75.84% of the company's stock.

ATS Stock Down 1.4 %

Shares of NYSE:ATS traded down $0.44 during trading on Monday, hitting $30.07. The company's stock had a trading volume of 54,062 shares, compared to its average volume of 107,726. ATS Co. has a fifty-two week low of $24.82 and a fifty-two week high of $44.70. The business has a 50 day moving average price of $28.68 and a two-hundred day moving average price 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. The company has a market capitalization of $2.94 billion, a PE ratio of 22.39 and a beta of 1.05.

ATS (NYSE:ATS - Get Free Report) last issued its quarterly 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 company had revenue of $507.43 million for the quarter, compared to analysts' expectations of $502.41 million. ATS had a return on equity of 14.63% and a net margin of 6.11%. As a group, research analysts expect that ATS Co. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ATS shares. JPMorgan Chase & Co. cut their target price on ATS from $36.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th. 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. One 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $42.00.

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.