Principal Financial Group Inc. Grows Position in ATS Co. (NYSE:ATS)

Principal Financial Group Inc. raised its position in shares of ATS Co. (NYSE:ATS - Free Report) by 3.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 661,040 shares of the company's stock after purchasing an additional 21,500 shares during the quarter. Principal Financial Group Inc. owned 0.68% of ATS worth $19,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its stake 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 acquiring an additional 1,574 shares during the period. Bessemer Group Inc. grew its stake in shares of ATS by 37.7% in the first 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 period. Hantz Financial Services Inc. bought a new stake in shares of ATS in the second quarter worth approximately $286,000. Dynasty Wealth Management LLC bought a new stake in shares of ATS in the first quarter worth approximately $337,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $565,000 after acquiring an additional 804 shares during the period. 75.84% of the stock is currently owned by institutional investors.

ATS Stock Performance

NYSE ATS traded down $0.62 during trading hours on Friday, hitting $28.14. 115,412 shares of the company's stock traded hands, compared to its average volume of 111,871. The business's fifty day moving average price is $29.19 and its two-hundred day moving average price is $30.24. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $2.76 billion, a P/E ratio of 29.31 and a beta of 1.05. ATS Co. has a 52 week low of $24.82 and a 52 week high of $44.70.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ATS. JPMorgan Chase & Co. reduced their price target on shares of ATS from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, August 13th. The Goldman Sachs Group cut their target price on shares of ATS from $34.00 to $30.00 and set a "sell" rating for the company in a research report on Tuesday, August 13th.

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.