Wall Street Zen Downgrades ATS (NYSE:ATS) to Sell

ATS (NYSE:ATS) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

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

ATS Trading Up 1.1%

NYSE ATS opened at $30.10 on Friday. ATS has a 12 month low of $20.90 and a 12 month high of $34.32. The company has a 50-day moving average of $26.05 and a 200-day moving average of $27.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. The company has a market cap of $2.94 billion, a P/E ratio of 45.61 and a beta of 1.22.

ATS (NYSE:ATS) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $503.20 million during the quarter, compared to analysts’ expectations of $687.03 million. ATS had a return on equity of 9.95% and a net margin of 3.27%. The business’s quarterly revenue was down 27.5% on a year-over-year basis. As a group, equities analysts predict that ATS will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On ATS

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nicola Wealth Management LTD. increased its position in ATS by 22.5% in the first quarter. Nicola Wealth Management LTD. now owns 523,300 shares of the company’s stock worth $13,049,000 after buying an additional 96,000 shares during the period. Foresight Group Ltd Liability Partnership acquired a new stake in ATS in the first quarter worth $9,627,000. Jane Street Group LLC increased its position in ATS by 29.7% in the first quarter. Jane Street Group LLC now owns 42,085 shares of the company’s stock worth $1,049,000 after buying an additional 9,636 shares during the period. Goldman Sachs Group Inc. increased its position in ATS by 79.2% in the first quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company’s stock worth $10,821,000 after buying an additional 191,842 shares during the period. Finally, Front Street Capital Management Inc. increased its position in ATS by 2.9% in the first quarter. Front Street Capital Management Inc. now owns 288,962 shares of the company’s stock worth $7,204,000 after buying an additional 8,132 shares during the period. 75.84% of the stock is owned by institutional investors and hedge funds.

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.