Short Interest in ATS Co. (NYSE:ATS) Rises By 10.2%

ATS Co. (NYSE:ATS) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 3,450,000 shares, an increase of 10.2% from the October 31st total of 3,130,000 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average trading volume of 156,200 shares, the short-interest ratio is presently 22.1 days.

ATS Stock Performance

Shares of ATS stock traded down $0.52 during mid-day trading on Monday, reaching $32.17. The stock had a trading volume of 110,742 shares, compared to its average volume of 113,290. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00. ATS has a 1-year low of $24.82 and a 1-year high of $44.70. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 34.05 and a beta of 1.05. The business’s fifty day moving average is $29.99 and its 200-day moving average is $30.00.

Hedge Funds Weigh In On ATS

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Highland Peak Capital LLC acquired a new stake in shares of ATS in the third quarter worth $5,798,000. Allspring Global Investments Holdings LLC purchased a new position in shares of ATS during the 2nd quarter valued at about $11,602,000. Burgundy Asset Management Ltd. lifted its holdings in shares of ATS by 196.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 161,563 shares of the company’s stock valued at $5,226,000 after buying an additional 107,110 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of ATS by 41.0% in the second quarter. 1832 Asset Management L.P. now owns 619,529 shares of the company’s stock worth $20,017,000 after buying an additional 180,129 shares during the last quarter. Finally, Nicola Wealth Management LTD. acquired a new stake in ATS during the third quarter worth about $11,071,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analyst Upgrades and Downgrades

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