Capital Group Investment Management PTE. LTD. Boosts Stake in ATS Co. (NYSE:ATS)

Capital Group Investment Management PTE. LTD. raised its position in shares of ATS Co. (NYSE:ATS) by 32.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,612 shares of the company’s stock after buying an additional 5,082 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in ATS were worth $694,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of ATS by 55.0% during the 4th quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock valued at $33,000 after buying an additional 271 shares in the last quarter. Bessemer Group Inc. increased its stake in ATS by 37.7% during 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 last quarter. Steph & Co. raised its position in ATS by 133.6% during the first quarter. Steph & Co. now owns 6,215 shares of the company’s stock valued at $210,000 after purchasing an additional 3,554 shares during the period. Aigen Investment Management LP bought a new stake in shares of ATS in the 4th quarter valued at approximately $315,000. Finally, Citigroup Inc. boosted its holdings in shares of ATS by 5.4% in the 3rd quarter. Citigroup Inc. now owns 8,193 shares of the company’s stock worth $351,000 after purchasing an additional 420 shares during the period. Institutional investors own 75.84% of the company’s stock.

ATS Trading Up 0.3 %

Shares of NYSE ATS traded up $0.10 during midday trading on Friday, hitting $30.42. The company’s stock had a trading volume of 31,958 shares, compared to its average volume of 95,182. The business’s 50 day moving average is $32.17 and its two-hundred day moving average is $35.30. ATS Co. has a 12-month low of $29.78 and a 12-month high of $45.97. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 0.75. The firm has a market cap of $2.98 billion, a P/E ratio of 20.77 and a beta of 1.16.

ATS (NYSE:ATS) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $587.12 million for the quarter, compared to the consensus estimate of $534.08 million. ATS had a net margin of 6.39% and a return on equity of 15.97%. As a group, equities research analysts expect that ATS Co. will post 1.75 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ATS. Scotiabank upgraded ATS to a “hold” rating in a report on Friday, May 17th. JPMorgan Chase & Co. reduced their target price on shares of ATS from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.67.

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.