Rockefeller Capital Management L.P. lowered its stake in shares of ATS Co. (NYSE:ATS - Free Report) by 53.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,340 shares of the company's stock after selling 413,184 shares during the period. Rockefeller Capital Management L.P. owned about 0.36% of ATS worth $10,326,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of ATS. The Manufacturers Life Insurance Company increased its stake in 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 buying an additional 1,862,912 shares in the last quarter. Nicola Wealth Management LTD. purchased a new position in ATS in the 3rd quarter valued at $11,071,000. Allspring Global Investments Holdings LLC acquired a new stake in ATS during the 2nd quarter worth $11,602,000. Principal Financial Group Inc. grew its holdings in shares of ATS by 77.8% during the second quarter. Principal Financial Group Inc. now owns 639,540 shares of the company's stock worth $20,691,000 after buying an additional 279,880 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of ATS in the third quarter worth about $7,777,000. Institutional investors and hedge funds own 75.84% of the company's stock.
ATS Trading Down 1.2 %
Shares of ATS stock traded down $0.38 during mid-day trading on Tuesday, hitting $31.79. The stock had a trading volume of 107,171 shares, compared to its average volume of 166,933. The firm has a 50-day moving average of $30.05 and a two-hundred day moving average of $29.98. The firm has a market cap of $3.11 billion, a P/E ratio of 33.11 and a beta of 1.15. The company has a quick ratio of 1.71, a current ratio of 2.08 and a debt-to-equity ratio of 1.00. ATS Co. has a 12-month low of $24.82 and a 12-month high of $44.70.
Analyst Ratings Changes
A number of research firms have weighed in on ATS. JPMorgan Chase & Co. decreased their target price on shares of ATS from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 13th. The Goldman Sachs Group lowered their price objective on ATS from $34.00 to $30.00 and set a "sell" rating on the stock in a research note on Tuesday, August 13th.
Read Our Latest Stock Analysis on ATS
About ATS
(
Free Report)
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.
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