Granite Investment Partners LLC Has $4.88 Million Holdings in ATS Corporation $ATS

Granite Investment Partners LLC trimmed its position in shares of ATS Corporation (NYSE:ATS) by 15.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,031 shares of the company’s stock after selling 30,845 shares during the quarter. Granite Investment Partners LLC owned approximately 0.18% of ATS worth $4,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC acquired a new position in shares of ATS in the 4th quarter worth approximately $29,000. Quarry LP acquired a new stake in ATS during the 3rd quarter valued at $32,000. Raymond James Financial Inc. acquired a new stake in ATS during the 2nd quarter valued at $43,000. Barclays PLC increased its holdings in ATS by 16.8% during the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after purchasing an additional 756 shares in the last quarter. Finally, SkyView Investment Advisors LLC bought a new position in ATS in the 2nd quarter valued at $237,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Stock Down 1.4%

NYSE:ATS opened at $27.19 on Thursday. The stock’s fifty day moving average price is $30.19 and its two-hundred day moving average price is $30.13. ATS Corporation has a 52-week low of $23.84 and a 52-week high of $35.82. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.64. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 52.29 and a beta of 1.21.

ATS (NYSE:ATS) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The firm had revenue of $535.09 million during the quarter, compared to the consensus estimate of $529.43 million. ATS had a net margin of 2.40% and a return on equity of 9.40%. On average, analysts anticipate that ATS Corporation will post 1.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Desjardins assumed coverage on ATS in a research note on Tuesday, June 16th. They issued a “buy” rating for the company. Zacks Research cut ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Royal Bank Of Canada reduced their price target on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Finally, Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.50.

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.