Sei Investments Co. Acquires 69,078 Shares of ATS Corporation $ATS

Sei Investments Co. grew its holdings in shares of ATS Corporation (NYSE:ATS) by 70.0% in the 1st quarter, HoldingsChannel reports. The firm owned 167,820 shares of the company’s stock after acquiring an additional 69,078 shares during the quarter. Sei Investments Co.’s holdings in ATS were worth $4,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC purchased a new stake in ATS in the 4th quarter worth about $29,000. State of Wyoming purchased a new stake in ATS in the 1st quarter worth approximately $34,000. Quarry LP purchased a new stake in shares of ATS in the third quarter worth $32,000. Raymond James Financial Inc. bought a new stake in shares of ATS during the 2nd quarter valued at about $43,000. Finally, Barclays PLC lifted its position in ATS by 16.8% during the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after purchasing an additional 756 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

Analysts Set New Price Targets

ATS has been the subject of several research analyst reports. Weiss Ratings raised ATS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Scotiabank reiterated an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Desjardins began coverage on ATS in a research note on Tuesday, June 16th. They issued a “buy” rating for the company. Royal Bank Of Canada cut their price objective on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Finally, Zacks Research downgraded shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, ATS presently has a consensus rating of “Hold” and an average price target of $42.50.

ATS Price Performance

Shares of ATS stock opened at $28.02 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.64. ATS Corporation has a fifty-two week low of $23.84 and a fifty-two week high of $35.82. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 53.88 and a beta of 1.22. The stock’s 50-day simple moving average is $27.75 and its 200-day simple moving average is $29.93.

ATS (NYSE:ATS) last issued its earnings results on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). ATS had a return on equity of 9.40% and a net margin of 2.40%.The company had revenue of $535.09 million during the quarter, compared to analysts’ expectations of $529.43 million. As a group, equities analysts forecast that ATS Corporation will post 1.34 earnings per share 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.