Montrusco Bolton Investments Inc. Sells 35,000 Shares of ATS Corporation $ATS

Montrusco Bolton Investments Inc. lessened its position in ATS Corporation (NYSE:ATS) by 11.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 283,781 shares of the company’s stock after selling 35,000 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in ATS were worth $7,426,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Granite Investment Partners LLC lifted its position in shares of ATS by 34.5% in the third quarter. Granite Investment Partners LLC now owns 205,847 shares of the company’s stock worth $5,393,000 after purchasing an additional 52,807 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in ATS in the 3rd quarter valued at $11,061,000. Vanguard Group Inc. lifted its position in ATS by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,341,435 shares of the company’s stock worth $87,419,000 after buying an additional 69,334 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in shares of ATS during the 3rd quarter worth about $1,904,000. Finally, Aberdeen Group plc grew its holdings in shares of ATS by 14.7% in the 3rd quarter. Aberdeen Group plc now owns 18,595 shares of the company’s stock valued at $489,000 after acquiring an additional 2,390 shares in the last quarter. 75.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen cut ATS from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a research note on Wednesday, January 21st. TD Securities restated a “buy” rating on shares of ATS in a report on Monday, January 26th. Zacks Research upgraded shares of ATS from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Scotiabank restated an “outperform” rating on shares of ATS in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.00.

ATS Trading Down 0.4%

ATS stock opened at $32.36 on Thursday. ATS Corporation has a one year low of $20.90 and a one year high of $33.01. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 215.77 and a beta of 1.21. The company has a fifty day moving average price of $29.56 and a two-hundred day moving average price of $27.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.65 and a quick ratio of 1.37.

ATS (NYSE:ATS) last posted its earnings results on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. ATS had a net margin of 0.77% and a return on equity of 9.67%. The company had revenue of $553.81 million during the quarter, compared to analysts’ expectations of $722.96 million. During the same quarter last year, the company posted $0.32 EPS. ATS’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts anticipate that ATS Corporation will post 1.02 EPS for the current year.

ATS 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.