ATS (NYSE:ATS) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of ATS (NYSE:ATSFree Report) in a research note published on Tuesday, Marketbeat reports. The firm issued a sell rating and a $34.00 target price on the stock.

Several other research firms also recently weighed in on ATS. JPMorgan Chase & Co. assumed coverage on shares of ATS in a research report on Wednesday, December 20th. They set a neutral rating and a $45.00 target price on the stock. TheStreet raised shares of ATS from a c+ rating to a b rating in a research report on Monday, December 11th.

Read Our Latest Analysis on ATS

ATS Trading Down 4.6 %

NYSE ATS opened at $35.14 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.70 and a debt-to-equity ratio of 0.81. The firm has a market cap of $3.48 billion and a PE ratio of 26.22. The company has a 50 day moving average price of $39.48 and a 200 day moving average price of $39.83. ATS has a 52 week low of $33.02 and a 52 week high of $48.89.

ATS (NYSE:ATSGet Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $552.45 million for the quarter, compared to analysts’ expectations of $536.95 million. ATS had a return on equity of 17.56% and a net margin of 5.89%. As a group, sell-side analysts forecast that ATS will post 1.88 EPS for the current fiscal year.

Institutional Trading of ATS

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in ATS by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 2,883,886 shares of the company’s stock valued at $124,209,000 after buying an additional 31,185 shares during the period. Goldman Sachs Group Inc. grew its position in ATS by 131.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 234,028 shares of the company’s stock valued at $10,080,000 after buying an additional 133,063 shares during the period. Legal & General Group Plc grew its position in ATS by 5.8% during the fourth quarter. Legal & General Group Plc now owns 415,872 shares of the company’s stock valued at $18,038,000 after buying an additional 22,886 shares during the period. Nuveen Asset Management LLC acquired a new stake in ATS during the fourth quarter valued at $5,778,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in ATS by 12.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 273,602 shares of the company’s stock valued at $11,786,000 after buying an additional 29,700 shares during the period. 75.84% of the stock is owned by hedge funds and other institutional investors.

ATS Company Profile

(Get Free Report)

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.

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