Vanguard Group Inc. Acquires 55,731 Shares of ATS Corporation $ATS

Vanguard Group Inc. increased its holdings in ATS Corporation (NYSE:ATS) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,397,166 shares of the company’s stock after purchasing an additional 55,731 shares during the quarter. Vanguard Group Inc. owned approximately 3.46% of ATS worth $93,582,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Third View Private Wealth LLC acquired a new position in ATS in the fourth quarter valued at $338,000. Aberdeen Group plc raised its holdings in shares of ATS by 7.6% during the fourth quarter. Aberdeen Group plc now owns 20,007 shares of the company’s stock valued at $551,000 after purchasing an additional 1,412 shares during the period. Quarry LP acquired a new position in shares of ATS during the third quarter valued at about $32,000. PenderFund Capital Management Ltd. acquired a new position in shares of ATS during the third quarter valued at about $523,000. Finally, Millennium Management LLC acquired a new position in shares of ATS during the third quarter valued at about $1,148,000. Institutional investors own 75.84% of the company’s stock.

ATS Trading Down 1.1%

ATS opened at $32.96 on Thursday. 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 Corporation has a fifty-two week low of $23.84 and a fifty-two week high of $35.70. The firm has a market capitalization of $3.23 billion, a PE ratio of 219.73 and a beta of 1.26. The company’s 50-day moving average is $31.10 and its 200 day moving average is $29.32.

Wall Street Analyst Weigh In

ATS has been the topic of several research reports. Scotiabank reiterated an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. JPMorgan Chase & Co. upped their price objective on shares of ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a report on Monday, April 20th. Finally, Zacks Research lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ATS currently has a consensus rating of “Hold” and a consensus price target of $35.00.

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.