Quadrature Capital Ltd Purchases 77,400 Shares of ATS Co. (NYSE:ATS)

Quadrature Capital Ltd grew its holdings in shares of ATS Co. (NYSE:ATS) by 188.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,400 shares of the company’s stock after purchasing an additional 77,400 shares during the quarter. Quadrature Capital Ltd’s holdings in ATS were worth $3,442,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ATS. The Manufacturers Life Insurance Company lifted its position in shares of ATS by 135.2% during the second quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company’s stock worth $104,707,000 after acquiring an additional 1,862,912 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in ATS during the 3rd quarter worth about $11,071,000. Allspring Global Investments Holdings LLC bought a new position in ATS in the 2nd quarter worth about $11,602,000. Principal Financial Group Inc. grew its holdings in ATS by 77.8% during the 2nd quarter. Principal Financial Group Inc. now owns 639,540 shares of the company’s stock valued at $20,691,000 after buying an additional 279,880 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in ATS during the 3rd quarter valued at about $7,777,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Stock Performance

NYSE:ATS opened at $32.75 on Friday. ATS Co. has a twelve month low of $24.82 and a twelve month high of $44.70. The stock has a market cap of $3.21 billion, a P/E ratio of 34.11 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. The business’s 50-day moving average price is $30.22 and its two-hundred day moving average price is $29.99.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of ATS from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Tuesday, August 13th. JPMorgan Chase & Co. cut their price target on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th.

About ATS

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.