ATS (NYSE:ATS) Posts Earnings Results

ATS (NYSE:ATS) announced its earnings results on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06), Zacks reports. ATS had a net margin of 0.77% and a return on equity of 9.67%.

ATS Stock Performance

ATS stock opened at $35.41 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.47 billion, a P/E ratio of 236.06 and a beta of 1.26. ATS has a 12-month low of $23.84 and a 12-month high of $35.82. The stock’s 50 day simple moving average is $31.72 and its 200 day simple moving average is $29.73.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ATS in a research report on Monday, April 20th. Scotiabank restated an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Zacks Research lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ATS presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Institutional Investors Weigh In On ATS

Several institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its stake in ATS by 6.3% during the fourth quarter. Invesco Ltd. now owns 1,272,222 shares of the company’s stock worth $35,037,000 after acquiring an additional 75,490 shares during the period. SkyView Investment Advisors LLC acquired a new stake in ATS during the fourth quarter worth about $302,000. Guardian Capital LP acquired a new stake in ATS during the fourth quarter worth about $1,298,000. Toronto Dominion Bank raised its stake in ATS by 8.6% during the fourth quarter. Toronto Dominion Bank now owns 81,910 shares of the company’s stock worth $2,257,000 after acquiring an additional 6,455 shares during the period. Finally, Numerai GP LLC acquired a new stake in ATS during the fourth quarter worth about $449,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Company 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.