The Manufacturers Life Insurance Company Sells 2,163,640 Shares of ATS Co. (NYSE:ATS)

The Manufacturers Life Insurance Company lessened its position in ATS Co. (NYSE:ATS) by 77.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 637,385 shares of the company’s stock after selling 2,163,640 shares during the period. The Manufacturers Life Insurance Company owned about 0.65% of ATS worth $19,465,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ATS. Thurston Springer Miller Herd & Titak Inc. lifted its position in ATS by 94.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock valued at $54,000 after acquiring an additional 860 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of ATS by 561.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the company’s stock valued at $66,000 after buying an additional 1,843 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of ATS by 7.9% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company’s stock valued at $199,000 after buying an additional 478 shares during the last quarter. Mariner LLC increased its holdings in ATS by 8.0% in the 4th quarter. Mariner LLC now owns 9,328 shares of the company’s stock worth $284,000 after buying an additional 689 shares in the last quarter. Finally, Procyon Advisors LLC purchased a new position in ATS in the 4th quarter worth about $293,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Price Performance

NYSE ATS opened at $25.75 on Friday. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 39.01 and a beta of 1.10. ATS Co. has a 1-year low of $20.90 and a 1-year high of $35.42. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. The business’s fifty day moving average price is $25.81 and its 200-day moving average price is $28.30.

ATS (NYSE:ATS) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. On average, equities analysts predict that ATS Co. will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded shares of ATS to a “hold” rating in a research note on Tuesday.

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.