ATS Co. (NYSE:ATS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its holdings in shares of ATS Co. (NYSE:ATS) by 22.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 913,919 shares of the company’s stock after selling 262,093 shares during the period. Mackenzie Financial Corp’s holdings in ATS were worth $29,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of ATS by 91.5% during the 2nd quarter. Van ECK Associates Corp now owns 3,294 shares of the company’s stock valued at $106,000 after buying an additional 1,574 shares during the last quarter. Bessemer Group Inc. raised its position in ATS by 37.7% during the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock valued at $140,000 after acquiring an additional 1,140 shares in the last quarter. Steph & Co. lifted its holdings in ATS by 133.6% in the first quarter. Steph & Co. now owns 6,215 shares of the company’s stock valued at $210,000 after acquiring an additional 3,554 shares during the period. Hantz Financial Services Inc. purchased a new stake in ATS in the 2nd quarter worth approximately $286,000. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of ATS during the 1st quarter worth approximately $337,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

ATS Trading Down 1.5 %

Shares of ATS stock opened at $29.73 on Friday. ATS Co. has a 1-year low of $24.82 and a 1-year high of $44.70. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 20.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.51. The stock has a 50 day simple moving average of $27.82 and a 200-day simple moving average of $31.12.

ATS (NYSE:ATS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). ATS had a return on equity of 14.63% and a net margin of 6.11%. The company had revenue of $507.43 million for the quarter, compared to analyst estimates of $502.41 million. On average, equities research analysts expect that ATS Co. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATS. The Goldman Sachs Group decreased their target price on shares of ATS from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Tuesday, August 13th. JPMorgan Chase & Co. decreased their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. One research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.00.

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.