Scheer Rowlett & Associates Investment Management Ltd. Invests $4.54 Million in ATS Co. (NYSE:ATS)

Scheer Rowlett & Associates Investment Management Ltd. acquired a new position in shares of ATS Co. (NYSE:ATS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 148,984 shares of the company's stock, valued at approximately $4,538,000. Scheer Rowlett & Associates Investment Management Ltd. owned approximately 0.15% of ATS at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. raised its stake in ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company's stock worth $54,000 after acquiring an additional 860 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of ATS by 28.4% in the third quarter. Van ECK Associates Corp now owns 4,230 shares of the company's stock valued at $132,000 after buying an additional 936 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in ATS by 0.4% in the third quarter. CIBC Asset Management Inc now owns 325,449 shares of the company's stock valued at $9,446,000 after acquiring an additional 1,269 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ATS by 5.2% in the third quarter. Geode Capital Management LLC now owns 38,987 shares of the company's stock valued at $1,136,000 after acquiring an additional 1,920 shares during the last quarter. Finally, Aigen Investment Management LP boosted its holdings in ATS by 19.8% in the third quarter. Aigen Investment Management LP now owns 20,493 shares of the company's stock valued at $595,000 after acquiring an additional 3,381 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

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ATS Trading Up 2.2 %

ATS stock traded up $0.55 during mid-day trading on Wednesday, hitting $26.04. The stock had a trading volume of 171,971 shares, compared to its average volume of 128,798. The stock has a 50-day simple moving average of $28.22 and a two-hundred day simple moving average of $29.04. The stock has a market capitalization of $2.55 billion, a PE ratio of 39.46 and a beta of 0.98. ATS Co. has a 12 month low of $24.82 and a 12 month high of $37.54. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97.

ATS (NYSE:ATS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. As a group, sell-side analysts forecast that ATS Co. will post 1.02 EPS 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.