Front Street Capital Management Inc. Increases Position in ATS Co. (NYSE:ATS)

Front Street Capital Management Inc. lifted its position in shares of ATS Co. (NYSE:ATS) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,830 shares of the company’s stock after purchasing an additional 48,245 shares during the period. ATS comprises approximately 1.5% of Front Street Capital Management Inc.’s portfolio, making the stock its 21st largest position. Front Street Capital Management Inc. owned approximately 0.29% of ATS worth $8,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock worth $54,000 after purchasing an additional 860 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in ATS by 7.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company’s stock valued at $199,000 after acquiring an additional 478 shares during the last quarter. Mariner LLC lifted its position in ATS by 8.0% in the fourth quarter. Mariner LLC now owns 9,328 shares of the company’s stock valued at $284,000 after acquiring an additional 689 shares during the last quarter. Procyon Advisors LLC acquired a new position in ATS in the fourth quarter valued at $293,000. Finally, abrdn plc grew its holdings in shares of ATS by 38.5% during the fourth quarter. abrdn plc now owns 13,267 shares of the company’s stock worth $401,000 after purchasing an additional 3,685 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Stock Up 1.3 %

ATS stock opened at $24.42 on Friday. The stock has a 50-day simple moving average of $26.76 and a 200-day simple moving average of $28.66. The company has a market capitalization of $2.39 billion, a P/E ratio of 36.99 and a beta of 1.10. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.92. ATS Co. has a fifty-two week low of $20.90 and a fifty-two week high of $35.42.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. Equities research analysts expect that ATS Co. will post 1.02 earnings per share for the current year.

ATS Company 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.