Bank of America Corp DE Acquires 357,322 Shares of ATS Co. (NYSE:ATS)

Bank of America Corp DE raised its holdings in ATS Co. (NYSE:ATS) by 79.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 808,052 shares of the company’s stock after acquiring an additional 357,322 shares during the period. Bank of America Corp DE owned about 0.83% of ATS worth $24,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ATS. Beutel Goodman & Co Ltd. lifted its position in ATS by 497.7% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,515,682 shares of the company’s stock valued at $198,614,000 after acquiring an additional 5,425,613 shares in the last quarter. Capital World Investors lifted its holdings in shares of ATS by 11.0% in the fourth quarter. Capital World Investors now owns 3,449,762 shares of the company’s stock valued at $105,212,000 after purchasing an additional 341,904 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of ATS by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company’s stock valued at $98,486,000 after purchasing an additional 51,365 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of ATS by 333.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,671,264 shares of the company’s stock worth $50,905,000 after buying an additional 1,285,598 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of ATS by 76.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,635,224 shares of the company’s stock worth $48,408,000 after buying an additional 710,923 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised ATS to a “hold” rating in a research report on Tuesday, April 29th.

ATS Stock Up 0.6%

ATS stock opened at $27.90 on Monday. The company has a fifty day simple moving average of $25.58 and a 200 day simple moving average of $27.97. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. ATS Co. has a 1-year low of $20.90 and a 1-year high of $34.75. The company has a market cap of $2.73 billion, a P/E ratio of 42.27 and a beta of 1.06.

About ATS

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.