EdgePoint Investment Group Inc. Grows Stock Position in ATS Corporation $ATS

EdgePoint Investment Group Inc. grew its holdings in ATS Corporation (NYSE:ATS) by 4.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 7,168,112 shares of the company’s stock after buying an additional 279,327 shares during the period. ATS makes up 1.6% of EdgePoint Investment Group Inc.’s holdings, making the stock its 19th biggest holding. EdgePoint Investment Group Inc. owned about 0.07% of ATS worth $202,081,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ATS. Smartleaf Asset Management LLC acquired a new stake in ATS in the 4th quarter worth approximately $29,000. Quarry LP purchased a new stake in shares of ATS during the third quarter valued at $32,000. State of Wyoming purchased a new position in ATS in the 1st quarter worth $34,000. Raymond James Financial Inc. purchased a new position in ATS in the 2nd quarter worth $43,000. Finally, Barclays PLC lifted its position in ATS by 16.8% during the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after acquiring an additional 756 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Trading Up 0.4%

ATS stock opened at $26.52 on Tuesday. The firm has a market cap of $2.60 billion, a PE ratio of 51.01 and a beta of 1.21. ATS Corporation has a 12 month low of $23.84 and a 12 month high of $35.82. The stock’s 50 day simple moving average is $28.63 and its two-hundred day simple moving average is $30.03. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78.

ATS (NYSE:ATS) last posted its earnings results on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). ATS had a net margin of 2.40% and a return on equity of 9.40%. The firm had revenue of $535.09 million for the quarter, compared to analysts’ expectations of $529.43 million. Analysts anticipate that ATS Corporation will post 1.36 earnings per share for the current year.

Wall Street Analyst Weigh In

ATS has been the topic of several research analyst reports. Wall Street Zen downgraded ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada decreased their target price on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Zacks Research cut shares of ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.50.

ATS Company Profile

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.