ATS Co. (NYSE:ATS) Shares Acquired by PDT Partners LLC

PDT Partners LLC raised its holdings in shares of ATS Co. (NYSE:ATS) by 46.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 23,702 shares of the company’s stock after purchasing an additional 7,520 shares during the quarter. PDT Partners LLC’s holdings in ATS were worth $689,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ATS. The Manufacturers Life Insurance Company lifted its stake in ATS by 135.2% during the second quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company’s stock valued at $104,707,000 after buying an additional 1,862,912 shares in the last quarter. Nicola Wealth Management LTD. acquired a new position in ATS in the 3rd quarter worth approximately $11,071,000. Allspring Global Investments Holdings LLC purchased a new position in ATS during the 2nd quarter worth approximately $11,602,000. Principal Financial Group Inc. lifted its holdings in shares of ATS by 77.8% in the second quarter. Principal Financial Group Inc. now owns 639,540 shares of the company’s stock valued at $20,691,000 after purchasing an additional 279,880 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of ATS in the third quarter worth $7,777,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Trading Down 1.6 %

NYSE ATS opened at $32.17 on Tuesday. The company has a market capitalization of $3.15 billion, a PE ratio of 33.51 and a beta of 1.05. ATS Co. has a 1-year low of $24.82 and a 1-year high of $44.70. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00. The firm’s fifty day simple moving average is $30.05 and its 200-day simple moving average is $29.98.

Analyst Ratings Changes

ATS has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. The Goldman Sachs Group dropped their target price on ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Tuesday, August 13th.

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.