ATS Corporation $ATS Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in shares of ATS Corporation (NYSE:ATS) by 69.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,854 shares of the company’s stock after buying an additional 55,151 shares during the period. CIBC Asset Management Inc owned 0.14% of ATS worth $3,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in ATS by 19.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,369,028 shares of the company’s stock worth $75,603,000 after purchasing an additional 392,874 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in ATS during the second quarter worth approximately $10,146,000. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in shares of ATS by 25.3% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 792,305 shares of the company’s stock worth $25,285,000 after buying an additional 159,814 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of ATS by 17.5% during the 2nd quarter. Mackenzie Financial Corp now owns 1,410,833 shares of the company’s stock worth $45,023,000 after buying an additional 210,570 shares during the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in shares of ATS by 28.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 6,434,005 shares of the company’s stock valued at $205,330,000 after buying an additional 1,416,009 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a research report on Wednesday, January 21st. Scotiabank upgraded ATS from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, November 5th. TD Securities reissued a “buy” rating on shares of ATS in a report on Monday. Wall Street Zen upgraded ATS from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, JPMorgan Chase & Co. lifted their price target on ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ATS has a consensus rating of “Hold” and a consensus target price of $35.00.

ATS Stock Up 0.3%

ATS stock opened at $29.33 on Wednesday. The stock has a market capitalization of $2.88 billion, a PE ratio of -2,930.37 and a beta of 1.21. The company has a fifty day moving average of $27.66 and a 200-day moving average of $27.79. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.34 and a current ratio of 1.63. ATS Corporation has a one year low of $20.90 and a one year high of $32.73.

ATS (NYSE:ATS) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $524.03 million during the quarter, compared to analysts’ expectations of $721.51 million. ATS had a negative net margin of 0.08% and a positive return on equity of 8.82%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. As a group, analysts expect that ATS Corporation will post 1.02 EPS for the current year.

ATS Company Profile

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.