ATS (NYSE:ATS) Stock Price Up 7.5% – Here’s What Happened

ATS Co. (NYSE:ATS) was up 7.5% on Wednesday . The stock traded as high as $28.79 and last traded at $28.67. Approximately 22,495 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 127,192 shares. The stock had previously closed at $26.67.

ATS Price Performance

The company has a debt-to-equity ratio of 1.00, a current ratio of 2.08 and a quick ratio of 1.71. The company has a 50-day simple moving average of $29.55 and a two-hundred day simple moving average of $29.07. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 30.04 and a beta of 1.13.

ATS (NYSE:ATS) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. ATS had a return on equity of 12.10% and a net margin of 4.56%. On average, equities research analysts predict that ATS Co. will post 1.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ATS. Thurston Springer Miller Herd & Titak Inc. grew its holdings in ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock worth $54,000 after acquiring an additional 860 shares during the period. Van ECK Associates Corp grew its holdings in ATS by 28.4% during the third quarter. Van ECK Associates Corp now owns 4,230 shares of the company’s stock worth $132,000 after acquiring an additional 936 shares during the period. Procyon Advisors LLC acquired a new position in ATS during the fourth quarter worth about $293,000. abrdn plc grew its holdings in ATS by 38.5% during the fourth quarter. abrdn plc now owns 13,267 shares of the company’s stock worth $401,000 after acquiring an additional 3,685 shares during the period. Finally, Franklin Resources Inc. grew its holdings in ATS by 125.0% during the third quarter. Franklin Resources Inc. now owns 14,132 shares of the company’s stock worth $431,000 after acquiring an additional 7,850 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.