Marathon Asset Management Ltd Decreases Stake in ATS Corporation $ATS

Marathon Asset Management Ltd lessened its holdings in shares of ATS Corporation (NYSE:ATS) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,166,007 shares of the company’s stock after selling 68,954 shares during the period. Marathon Asset Management Ltd’s holdings in ATS were worth $30,509,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of ATS during the 2nd quarter worth approximately $43,000. Vanguard Personalized Indexing Management LLC purchased a new position in ATS during the second quarter worth approximately $233,000. SkyView Investment Advisors LLC acquired a new position in ATS during the second quarter worth $237,000. Dynamic Technology Lab Private Ltd purchased a new stake in ATS in the 2nd quarter valued at $281,000. Finally, Cidel Asset Management Inc. increased its stake in shares of ATS by 11.9% in the 2nd quarter. Cidel Asset Management Inc. now owns 9,270 shares of the company’s stock worth $295,000 after acquiring an additional 984 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analysts Set New Price Targets

ATS has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a research report on Wednesday, October 8th. Zacks Research upgraded shares of ATS from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Scotiabank raised shares of ATS from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

ATS Stock Up 0.6%

Shares of ATS opened at $28.37 on Monday. The company’s 50-day moving average price is $26.74 and its 200 day moving average price is $28.08. ATS Corporation has a 12-month low of $20.90 and a 12-month high of $32.73. The company has a current ratio of 1.63, a quick ratio of 1.34 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2.78 billion, a P/E ratio of -2,834.37 and a beta of 1.27.

ATS (NYSE:ATS) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $524.03 million during the quarter, compared to analysts’ expectations of $721.51 million. ATS had a negative net margin of 0.08% and a positive return on equity of 8.82%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. On average, sell-side analysts forecast that ATS Corporation will post 1.02 earnings per share for the current year.

About ATS

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.