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The Manufacturers Life Insurance Company Reduces Stock Holdings in ATS Co. (NYSE:ATS)

ATS logo with Industrial Products background

The Manufacturers Life Insurance Company decreased its position in ATS Co. (NYSE:ATS - Free Report) by 13.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,801,025 shares of the company's stock after selling 439,405 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 2.86% of ATS worth $81,324,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in 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 purchasing an additional 1,574 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of ATS in the second quarter worth $286,000. 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 last quarter. Aigen Investment Management LP grew its stake in shares of ATS by 19.8% in the third quarter. Aigen Investment Management LP now owns 20,493 shares of the company's stock worth $595,000 after acquiring an additional 3,381 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of ATS by 153.8% in the second 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 last quarter. Institutional investors own 75.84% of the company's stock.

ATS Stock Performance

Shares of ATS stock traded up $0.87 during trading on Thursday, hitting $30.99. 116,096 shares of the company's stock traded hands, compared to its average volume of 112,741. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.08 and a quick ratio of 1.71. ATS Co. has a 1 year low of $24.82 and a 1 year high of $44.70. The stock has a market capitalization of $3.03 billion, a P/E ratio of 32.28 and a beta of 1.05. The business has a 50-day simple moving average of $29.86 and a 200-day simple moving average of $30.04.

Analysts Set New Price Targets

A number of research firms have recently commented on ATS. 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 note on Tuesday, August 13th. The Goldman Sachs Group cut their target price on ATS from $34.00 to $30.00 and set a "sell" rating on the stock in a research note on Tuesday, August 13th.

View Our Latest Stock Report on ATS

ATS Profile

(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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Institutional Ownership by Quarter for ATS (NYSE:ATS)

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