ATS (NYSE:ATS) Sees Large Volume Increase

ATS Co. (NYSE:ATS) shares saw an uptick in trading volume on Wednesday . 207,049 shares traded hands during trading, an increase of 151% from the previous session’s volume of 82,505 shares.The stock last traded at $30.11 and had previously closed at $29.95.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on shares of ATS in a report on Tuesday, March 26th. They issued a “sell” rating and a $34.00 price objective for the company.

ATS Stock Down 1.5 %

The firm has a market cap of $3.08 billion and a price-to-earnings ratio of 23.24. The firm’s fifty day moving average is $35.79 and its two-hundred day moving average is $38.56. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.70 and a quick ratio of 1.41.

ATS (NYSE:ATS) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). ATS had a return on equity of 17.56% and a net margin of 5.89%. The business had revenue of $552.45 million during the quarter, compared to the consensus estimate of $536.95 million. On average, sell-side analysts expect that ATS Co. will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On ATS

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alberta Investment Management Corp raised its position in ATS by 2.8% in the third quarter. Alberta Investment Management Corp now owns 646,400 shares of the company’s stock worth $27,682,000 after acquiring an additional 17,400 shares in the last quarter. Vanguard Group Inc. raised its holdings in ATS by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,852,701 shares of the company’s stock worth $121,582,000 after buying an additional 229,765 shares during the period. FMR LLC raised its holdings in ATS by 20.7% during the 3rd quarter. FMR LLC now owns 5,371,545 shares of the company’s stock worth $228,980,000 after buying an additional 919,932 shares during the period. Citigroup Inc. raised its holdings in ATS by 5.4% during the 3rd quarter. Citigroup Inc. now owns 8,193 shares of the company’s stock worth $351,000 after buying an additional 420 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in ATS by 38.1% during the 3rd quarter. Mackenzie Financial Corp now owns 1,617,505 shares of the company’s stock worth $64,684,000 after buying an additional 446,568 shares during the period. 75.84% of the stock is currently owned by institutional investors.

ATS Company 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.