Nicola Wealth Management LTD. Increases Holdings in ATS Co. (NYSE:ATS)

Nicola Wealth Management LTD. lifted its position in shares of ATS Co. (NYSE:ATS) by 12.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 427,300 shares of the company’s stock after buying an additional 46,200 shares during the period. Nicola Wealth Management LTD.’s holdings in ATS were worth $13,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in ATS by 94.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock valued at $54,000 after buying an additional 860 shares in the last quarter. Van ECK Associates Corp lifted its stake in ATS by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,230 shares of the company’s stock valued at $132,000 after buying an additional 936 shares in the last quarter. Procyon Advisors LLC purchased a new stake in ATS in the 4th quarter valued at approximately $293,000. abrdn plc lifted its stake in ATS by 38.5% in the 4th quarter. abrdn plc now owns 13,267 shares of the company’s stock valued at $401,000 after buying an additional 3,685 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in ATS by 125.0% in the 3rd quarter. Franklin Resources Inc. now owns 14,132 shares of the company’s stock valued at $431,000 after buying an additional 7,850 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Price Performance

ATS stock opened at $28.23 on Tuesday. ATS Co. has a 1 year low of $24.82 and a 1 year high of $38.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.92. The stock’s 50 day moving average price is $28.67 and its 200 day moving average price is $29.05. The firm has a market cap of $2.76 billion, a P/E ratio of 42.77 and a beta of 1.13.

ATS (NYSE:ATS) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. On average, sell-side analysts expect that ATS Co. will post 1.02 earnings per share for the current fiscal year.

ATS Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.