Raymond James Financial Services Advisors Inc. lowered its stake in shares of Atlas Corp. (NYSE:ATCO – Get Rating) by 0.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 292,200 shares of the company’s stock after selling 783 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.12% of Atlas worth $4,062,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of ATCO. Capital Research Global Investors lifted its stake in Atlas by 27.2% during the 1st quarter. Capital Research Global Investors now owns 10,609,768 shares of the company’s stock valued at $155,751,000 after acquiring an additional 2,266,500 shares during the period. DDD Partners LLC lifted its stake in Atlas by 55.9% during the 2nd quarter. DDD Partners LLC now owns 2,039,824 shares of the company’s stock valued at $21,847,000 after acquiring an additional 731,493 shares during the period. Mackenzie Financial Corp bought a new position in Atlas during the 2nd quarter valued at about $2,738,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Atlas during the 2nd quarter valued at about $2,473,000. Finally, Bank of Montreal Can increased its position in shares of Atlas by 9.0% during the 2nd quarter. Bank of Montreal Can now owns 2,616,854 shares of the company’s stock valued at $29,964,000 after purchasing an additional 215,125 shares during the last quarter. Institutional investors own 68.75% of the company’s stock.
Wall Street Analyst Weigh In
ATCO has been the subject of several research reports. BMO Capital Markets upped their price target on shares of Atlas from $14.45 to $15.50 and gave the company a “market perform” rating in a research report on Thursday, November 3rd. B. Riley lowered shares of Atlas from a “buy” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $15.50 in a research report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Atlas has an average rating of “Hold” and an average price target of $14.00.
Atlas Trading Up 0.1 %
Atlas (NYSE:ATCO – Get Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $439.60 million for the quarter, compared to the consensus estimate of $436.82 million. Atlas had a net margin of 37.73% and a return on equity of 12.25%. Research analysts anticipate that Atlas Corp. will post 1.6 EPS for the current fiscal year.
Atlas Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, January 20th will be given a $0.125 dividend. The ex-dividend date is Thursday, January 19th. This represents a $0.50 dividend on an annualized basis and a yield of 3.26%. Atlas’s dividend payout ratio is presently 24.27%.
Atlas Company Profile
Atlas Corp. operates as an asset manager and operator of containerships. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships. The company charters its containerships under long-term and fixed-rate time charters to various container liner companies.
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