ATS Co. (NYSE:ATS) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its holdings in shares of ATS Co. (NYSE:ATS) by 24.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 718,649 shares of the company’s stock after buying an additional 142,908 shares during the period. Bank of Montreal Can’s holdings in ATS were worth $24,228,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital International Investors lifted its position in shares of ATS by 18.9% in the 1st quarter. Capital International Investors now owns 8,336,811 shares of the company’s stock valued at $280,530,000 after acquiring an additional 1,325,247 shares in the last quarter. EdgePoint Investment Group Inc. raised its position in ATS by 34.3% during the first quarter. EdgePoint Investment Group Inc. now owns 3,560,512 shares of the company’s stock valued at $119,863,000 after buying an additional 909,149 shares during the period. Capital World Investors lifted its stake in ATS by 8.8% in the 4th quarter. Capital World Investors now owns 4,470,733 shares of the company’s stock worth $192,690,000 after acquiring an additional 360,719 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in ATS during the 2nd quarter worth about $11,602,000. Finally, Principal Financial Group Inc. grew its stake in ATS by 77.8% during the 2nd quarter. Principal Financial Group Inc. now owns 639,540 shares of the company’s stock valued at $20,691,000 after acquiring an additional 279,880 shares in the last quarter. 75.84% of the stock is owned by institutional investors.

ATS Price Performance

NYSE ATS opened at $29.73 on Friday. The company has a market cap of $2.91 billion, a P/E ratio of 20.49 and a beta of 1.17. ATS Co. has a 1 year low of $24.82 and a 1 year high of $44.70. The company has a current ratio of 1.79, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $27.86 and a 200 day simple moving average of $31.17.

ATS (NYSE:ATS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). ATS had a net margin of 6.11% and a return on equity of 14.63%. The company had revenue of $507.43 million during the quarter, compared to the consensus estimate of $502.41 million. On average, sell-side analysts predict that ATS Co. will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

ATS has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. The Goldman Sachs Group dropped their target price on ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.00.

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.