ATS Co. (NYSE:ATS) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in ATS Co. (NYSE:ATS) by 28.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,122 shares of the company’s stock after acquiring an additional 3,990 shares during the quarter. Franklin Resources Inc.’s holdings in ATS were worth $552,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC bought a new stake in shares of ATS in the third quarter worth $510,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock valued at $54,000 after purchasing an additional 860 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of ATS during the third quarter valued at about $722,000. abrdn plc lifted its holdings in ATS by 38.5% in the fourth quarter. abrdn plc now owns 13,267 shares of the company’s stock worth $401,000 after purchasing an additional 3,685 shares during the period. Finally, Vanguard Group Inc. grew its position in ATS by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company’s stock valued at $98,486,000 after buying an additional 51,365 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Trading Down 2.4 %

Shares of ATS stock opened at $24.11 on Thursday. ATS Co. has a fifty-two week low of $20.90 and a fifty-two week high of $35.42. The company has a quick ratio of 1.58, a current ratio of 1.92 and a debt-to-equity ratio of 0.97. The stock has a 50-day simple moving average of $26.86 and a 200 day simple moving average of $28.69. The stock has a market capitalization of $2.36 billion, a P/E ratio of 36.53 and a beta of 1.10.

ATS (NYSE:ATS) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. On average, sell-side analysts expect that ATS Co. will post 1.02 earnings per share for the current fiscal year.

ATS Company Profile

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.