Principal Financial Group Inc. Has $19.20 Million Holdings in ATS Co. (NYSE:ATS)

Principal Financial Group Inc. lifted its holdings in shares of ATS Co. (NYSE:ATS) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661,040 shares of the company’s stock after buying an additional 21,500 shares during the quarter. Principal Financial Group Inc. owned about 0.68% of ATS worth $19,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of ATS by 91.5% in the 2nd quarter. Van ECK Associates Corp now owns 3,294 shares of the company’s stock valued at $106,000 after acquiring an additional 1,574 shares during the last quarter. Bessemer Group Inc. increased its stake in ATS by 37.7% in the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock valued at $140,000 after purchasing an additional 1,140 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in ATS in the second quarter worth $286,000. Dynasty Wealth Management LLC bought a new position in shares of ATS during the first quarter worth $337,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of ATS by 4.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock valued at $565,000 after buying an additional 804 shares during the period. 75.84% of the stock is owned by institutional investors.

ATS Trading Down 2.0 %

ATS opened at $28.76 on Friday. The stock has a market capitalization of $2.82 billion, a P/E ratio of 30.20 and a beta of 1.05. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00. ATS Co. has a 12 month low of $24.82 and a 12 month high of $44.70. The firm’s fifty day simple moving average is $29.13 and its 200 day simple moving average is $30.25.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on 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 price target on ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Tuesday, August 13th.

ATS 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.