Capital International Sarl Has $5.04 Million Stake in ATS Co. (NYSE:ATS)

Capital International Sarl boosted its position in shares of ATS Co. (NYSE:ATS) by 40.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,785 shares of the company’s stock after acquiring an additional 43,336 shares during the period. Capital International Sarl owned 0.15% of ATS worth $5,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATS. Capital International Investors lifted its stake in shares of ATS by 18.9% in the first quarter. Capital International Investors now owns 8,336,811 shares of the company’s stock valued at $280,530,000 after buying an additional 1,325,247 shares during the period. Norges Bank bought a new stake in shares of ATS in the fourth quarter valued at about $40,685,000. Capital World Investors lifted its stake in shares of ATS by 8.8% in the fourth quarter. Capital World Investors now owns 4,470,733 shares of the company’s stock valued at $192,690,000 after buying an additional 360,719 shares during the period. Vanguard Group Inc. lifted its stake in shares of ATS by 8.8% in the third quarter. Vanguard Group Inc. now owns 2,852,701 shares of the company’s stock valued at $121,582,000 after buying an additional 229,765 shares during the period. Finally, Thornburg Investment Management Inc. bought a new stake in shares of ATS in the fourth quarter valued at about $7,607,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ATS has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price 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. Scotiabank raised shares of ATS to a “hold” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, ATS currently has an average rating of “Hold” and an average price target of $45.67.

ATS Price Performance

NYSE:ATS traded up $0.10 during mid-day trading on Friday, hitting $30.42. The company’s stock had a trading volume of 31,958 shares, compared to its average volume of 95,182. ATS Co. has a fifty-two week low of $29.78 and a fifty-two week high of $45.97. 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 market capitalization of $2.98 billion, a price-to-earnings ratio of 20.84 and a beta of 1.16. The stock has a fifty day moving average of $32.09 and a 200-day moving average of $35.23.

ATS (NYSE:ATS) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. The firm had revenue of $587.12 million during 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%. As a group, equities analysts forecast that ATS Co. will post 1.75 EPS for the current fiscal 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.