Legal & General Group Plc Buys Shares of 1,056,408 ATS Corporation $ATS

Legal & General Group Plc purchased a new position in ATS Corporation (NYSE:ATS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,056,408 shares of the company’s stock, valued at approximately $30,403,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC bought a new stake in shares of ATS during the 4th quarter worth $29,000. Quarry LP bought a new position in ATS in the third quarter valued at $32,000. State of Wyoming purchased a new position in shares of ATS in the 2nd quarter worth about $33,000. Raymond James Financial Inc. bought a new position in shares of ATS during the 2nd quarter valued at about $43,000. Finally, Barclays PLC raised its holdings in shares of ATS by 16.8% during the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after buying an additional 756 shares in the last quarter. Institutional investors own 75.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ATS. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. Desjardins started coverage on shares of ATS in a research note on Tuesday, June 16th. They issued a “buy” rating for the company. Royal Bank Of Canada decreased their target price on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen downgraded ATS from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.50.

ATS Stock Down 1.0%

NYSE ATS opened at $19.22 on Friday. ATS Corporation has a 1 year low of $18.88 and a 1 year high of $35.82. The stock has a market capitalization of $1.89 billion, a PE ratio of 56.53 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.33. The business’s 50-day moving average is $24.89 and its 200 day moving average is $28.81.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $488.38 million for the quarter, compared to the consensus estimate of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Sell-side analysts forecast that ATS Corporation will post 1.12 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.