ATS Co. (NYSE:ATS) Shares Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of ATS Co. (NYSE:ATS) by 67.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,625 shares of the company’s stock after buying an additional 55,600 shares during the quarter. Dixon Mitchell Investment Counsel Inc. owned 0.14% of ATS worth $4,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ATS. PNC Financial Services Group Inc. grew its holdings in shares of ATS by 4,342.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 844 shares of the company’s stock worth $36,000 after acquiring an additional 825 shares during the period. Envestnet Asset Management Inc. grew its holdings in ATS by 274.3% in the third quarter. Envestnet Asset Management Inc. now owns 102,025 shares of the company’s stock valued at $4,349,000 after purchasing an additional 74,770 shares during the last quarter. Scotia Capital Inc. increased its position in shares of ATS by 8.5% in the third quarter. Scotia Capital Inc. now owns 193,721 shares of the company’s stock valued at $8,237,000 after buying an additional 15,152 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of ATS by 1.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 173,047 shares of the company’s stock worth $7,411,000 after buying an additional 3,046 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of ATS by 5.4% in the 3rd quarter. Citigroup Inc. now owns 8,193 shares of the company’s stock worth $351,000 after buying an additional 420 shares in the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ATS shares. Scotiabank upgraded shares of ATS to a “hold” rating in a report on Friday, May 17th. JPMorgan Chase & Co. dropped their price objective on shares of ATS from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Finally, The Goldman Sachs Group began coverage on ATS in a research note on Tuesday, March 26th. They issued a “sell” rating and a $34.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ATS has a consensus rating of “Hold” and an average price target of $45.67.

ATS Trading Up 1.0 %

Shares of ATS stock traded up $0.31 during mid-day trading on Tuesday, hitting $32.67. 50,533 shares of the stock were exchanged, compared to its average volume of 101,339. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.38 and a beta of 1.16. ATS Co. has a twelve month low of $29.78 and a twelve month high of $48.89. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 0.75. The company has a 50-day simple moving average of $32.40 and a 200 day simple moving average of $36.44.

ATS (NYSE:ATS) last announced its earnings results on Thursday, May 16th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The firm had revenue of $587.12 million for the quarter, compared to analyst estimates of $534.08 million. ATS had a net margin of 6.39% and a return on equity of 15.97%. Research analysts forecast that ATS Co. will post 1.75 EPS for the current year.

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.