ATS (NYSE:ATS) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of ATS (NYSE:ATS) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of ATS from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ATS has a consensus rating of “Reduce”.

ATS Price Performance

Shares of ATS stock opened at $28.18 on Monday. ATS has a fifty-two week low of $20.90 and a fifty-two week high of $33.13. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -104.37 and a beta of 1.27. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.32 and a current ratio of 1.62. The stock’s 50-day simple moving average is $28.86 and its 200-day simple moving average is $27.96.

ATS (NYSE:ATS) last released its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. ATS had a positive return on equity of 7.79% and a negative net margin of 1.44%.The firm had revenue of $541.11 million during the quarter, compared to the consensus estimate of $712.16 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. ATS has set its Q2 2026 guidance at EPS. As a group, equities analysts forecast that ATS will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ATS

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of ATS in the 2nd quarter worth $43,000. Steph & Co. increased its stake in shares of ATS by 223.6% in the 1st quarter. Steph & Co. now owns 5,317 shares of the company’s stock worth $133,000 after acquiring an additional 3,674 shares during the last quarter. Cidel Asset Management Inc. increased its stake in shares of ATS by 8.5% in the 1st quarter. Cidel Asset Management Inc. now owns 8,286 shares of the company’s stock worth $207,000 after acquiring an additional 650 shares during the last quarter. Northwest & Ethical Investments L.P. increased its stake in shares of ATS by 27.7% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,333 shares of the company’s stock worth $208,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of ATS by 41.6% in the 4th quarter. Deutsche Bank AG now owns 7,320 shares of the company’s stock worth $223,000 after acquiring an additional 2,149 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

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.