Fiera Capital Corp Reduces Stock Holdings in ATS Corporation $ATS

Fiera Capital Corp lessened its holdings in ATS Corporation (NYSE:ATS) by 23.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 71,007 shares of the company’s stock after selling 22,152 shares during the period. Fiera Capital Corp’s holdings in ATS were worth $1,957,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Quarry LP acquired a new position in shares of ATS during the third quarter valued at about $32,000. Raymond James Financial Inc. purchased a new stake in ATS during the 2nd quarter worth approximately $43,000. State of Wyoming acquired a new position in ATS during the 3rd quarter valued at approximately $112,000. SkyView Investment Advisors LLC acquired a new position in ATS during the 2nd quarter valued at approximately $237,000. Finally, Boothbay Fund Management LLC lifted its stake in shares of ATS by 52.4% during the third quarter. Boothbay Fund Management LLC now owns 10,170 shares of the company’s stock worth $266,000 after buying an additional 3,496 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Price Performance

Shares of ATS opened at $27.41 on Wednesday. The business’s 50-day moving average is $31.46 and its two-hundred day moving average is $29.89. The company has a market capitalization of $2.69 billion, a P/E ratio of 52.72 and a beta of 1.20. ATS Corporation has a fifty-two week low of $23.84 and a fifty-two 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.

ATS (NYSE:ATS) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). ATS had a net margin of 2.40% and a return on equity of 9.40%. The company had revenue of $535.09 million during the quarter, compared to analyst estimates of $529.43 million. Research analysts predict that ATS Corporation will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATS has been the topic of several research reports. Zacks Research downgraded ATS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Scotiabank reiterated an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Wall Street Zen lowered ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Royal Bank Of Canada decreased their target price on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Finally, Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.