ATS Corporation (NYSE:ATS) Receives Average Recommendation of “Hold” from Brokerages

Shares of ATS Corporation (NYSE:ATS) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $42.50.

Several equities research analysts recently weighed in on ATS shares. Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. TD Securities cut ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen downgraded ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings lowered ATS from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Finally, Scotiabank restated an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th.

Hedge Funds Weigh In On ATS

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jupiter Topco LLC purchased a new position in ATS during the second quarter valued at $66,908,000. Bank of Montreal Can grew its holdings in ATS by 187.1% during the 4th quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock valued at $83,269,000 after buying an additional 1,970,040 shares in the last quarter. Hill City Capital LP bought a new stake in shares of ATS in the second quarter worth about $47,482,884,000. Janus Henderson Group PLC raised its holdings in shares of ATS by 166.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after acquiring an additional 1,435,375 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of ATS during the 2nd quarter valued at approximately $33,904,000. Institutional investors own 75.84% of the company’s stock.

ATS Trading Down 1.4%

NYSE ATS opened at $19.31 on Friday. ATS has a 12 month low of $19.14 and a 12 month high of $35.82. The stock has a market cap of $1.89 billion, a P/E ratio of 56.79 and a beta of 1.22. The stock’s fifty day moving average price is $26.18 and its 200-day moving average price is $29.34. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75.

ATS (NYSE:ATS) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $488.38 million during the quarter, compared to analysts’ expectations of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%.ATS’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. As a group, equities analysts forecast that ATS will post 1.3 EPS for the current fiscal year.

About ATS

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.