ATS Corporation $ATS Stock Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lowered its position in shares of ATS Corporation (NYSE:ATS) by 29.1% in the third quarter, HoldingsChannel.com reports. The firm owned 133,382 shares of the company’s stock after selling 54,684 shares during the quarter. Van Berkom & Associates Inc.’s holdings in ATS were worth $2,418,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. State of Wyoming acquired a new stake in ATS in the second quarter valued at $33,000. Deutsche Bank AG purchased a new position in shares of ATS in the 2nd quarter valued at about $311,000. Apella Capital LLC purchased a new position in shares of ATS in the 3rd quarter valued at about $325,000. Squarepoint Ops LLC acquired a new stake in shares of ATS during the 2nd quarter worth about $713,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of ATS during the 2nd quarter worth about $817,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ATS shares. Weiss Ratings downgraded ATS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 25th. Zacks Research raised shares of ATS from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Finally, TD Securities downgraded shares of ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ATS currently has a consensus rating of “Hold” and a consensus price target of $42.50.

ATS Stock Performance

NYSE ATS opened at $17.77 on Tuesday. The business’s 50-day moving average price is $18.62 and its 200 day moving average price is $26.25. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.70 billion, a P/E ratio of 355.49 and a beta of 1.15. ATS Corporation has a 52-week low of $16.97 and a 52-week high of $35.82.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $467.59 million during the quarter, compared to analysts’ expectations of $477.49 million. ATS had a net margin of 0.28% and a return on equity of 7.94%. The business’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. On average, equities research analysts expect that ATS Corporation will post 1.02 earnings per share for the current year.

ATS Profile

ATS Corporation designs, builds and services automated manufacturing systems for companies seeking to improve production processes. Its offerings include custom automation equipment, robotics, assembly and testing systems, and related software and services.

The company serves customers across a range of industries, including life sciences, food and beverage, transportation, consumer products and energy. Its work can span the manufacturing lifecycle, from system design and integration to installation, maintenance and upgrades.

Based in Cambridge, Ontario, ATS has a history of developing automation solutions and serves customers internationally through operations in multiple regions.