ATS Corporation (NYSE:ATS) Stock Now Rated “Hold” by Wall Street Brokerages

ATS Corporation (NYSE:ATS) has received an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $42.50.

A number of brokerages recently weighed in on ATS. Wall Street Zen downgraded shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. TD Securities downgraded ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Desjardins started coverage on ATS in a research report on Tuesday, June 16th. They issued a “buy” rating for the company.

Institutional Investors Weigh In On ATS

Several large investors have recently added to or reduced their stakes in ATS. Royal Bank of Canada grew its holdings in ATS by 1.5% in the first quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock worth $218,884,000 after purchasing an additional 117,291 shares during the period. EdgePoint Investment Group Inc. raised its holdings in shares of ATS by 4.1% during the first quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock valued at $202,081,000 after purchasing an additional 279,327 shares during the period. Jupiter Topco LLC bought a new position in shares of ATS during the 2nd quarter worth about $66,908,000. Janus Henderson Group PLC boosted its position 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 purchasing an additional 1,435,375 shares in the last quarter. Finally, Hill City Capital LP acquired a new stake in shares of ATS in the 2nd quarter valued at about $47,483,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Trading Down 2.6%

ATS opened at $17.78 on Friday. ATS has a fifty-two week low of $17.60 and a fifty-two week high of $35.82. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.33. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 52.29 and a beta of 1.18. The company’s 50 day moving average price is $20.12 and its two-hundred day moving average price is $26.39.

ATS (NYSE:ATS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $488.38 million during the quarter, compared to the consensus estimate of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%.The business’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, research analysts predict that ATS will post 1.12 earnings per share for the current year.

ATS Company Profile

ATS Corporation, also known as ATS Automation Tooling Systems, is an industrial automation company that designs, builds and services automated manufacturing and assembly systems. Its solutions combine robotics, precision machinery, controls, software, machine vision and other technologies to help manufacturers improve production efficiency, quality and repeatability.

The company provides custom automation equipment, standardized automation products, production systems, packaging and material-handling solutions, and related aftermarket services.