Dimensional Fund Advisors LP Boosts Stock Holdings in ATS Co. (NYSE:ATS)

Dimensional Fund Advisors LP increased its stake in ATS Co. (NYSE:ATS) by 121.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,755 shares of the company’s stock after acquiring an additional 21,810 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ATS were worth $1,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATS. Capital International Investors grew its holdings 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 purchasing an additional 1,325,247 shares during the period. EdgePoint Investment Group Inc. boosted its stake in ATS by 34.3% during the first quarter. EdgePoint Investment Group Inc. now owns 3,560,512 shares of the company’s stock worth $119,863,000 after buying an additional 909,149 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in ATS during the second quarter worth about $11,602,000. Principal Financial Group Inc. boosted its stake in ATS by 77.8% during the second quarter. Principal Financial Group Inc. now owns 639,540 shares of the company’s stock worth $20,691,000 after buying an additional 279,880 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in ATS by 90.1% during the first quarter. 1832 Asset Management L.P. now owns 439,400 shares of the company’s stock worth $14,817,000 after buying an additional 208,200 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price objective 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. lowered their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, ATS has an average rating of “Hold” and a consensus target price of $42.00.

ATS Stock Up 3.3 %

Shares of NYSE:ATS opened at $30.01 on Friday. The firm’s 50 day moving average price is $27.62 and its 200 day moving average price is $30.63. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 22.23 and a beta of 1.17. ATS Co. has a fifty-two week low of $24.82 and a fifty-two week high of $44.70. The company has a quick ratio of 1.51, a current ratio of 1.79 and a debt-to-equity ratio of 0.82.

ATS (NYSE:ATS) last released 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. As a group, equities research analysts predict that ATS Co. will post 1.45 earnings per share for the current fiscal year.

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.