ATS Co. (NYSE:ATS) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in ATS Co. (NYSE:ATS) by 28.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,230 shares of the company’s stock after buying an additional 936 shares during the quarter. Van ECK Associates Corp’s holdings in ATS were worth $132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in ATS by 37.7% in the 1st quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock worth $140,000 after buying an additional 1,140 shares in the last quarter. Hantz Financial Services Inc. bought a new position in ATS during the 2nd quarter valued at $286,000. Dynasty Wealth Management LLC bought a new position in ATS during the 1st quarter valued at $337,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ATS by 4.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock valued at $565,000 after purchasing an additional 804 shares in the last quarter. Finally, Capital Group Investment Management PTE. LTD. boosted its stake in ATS by 32.7% during the 1st quarter. Capital Group Investment Management PTE. LTD. now owns 20,612 shares of the company’s stock valued at $694,000 after purchasing an additional 5,082 shares in the last quarter. 75.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ATS. The Goldman Sachs Group decreased their price target on 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. cut their price objective on ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th.

ATS Price Performance

Shares of NYSE:ATS opened at $29.35 on Thursday. ATS Co. has a one year low of $24.82 and a one year high of $44.70. The stock has a fifty day moving average of $29.04 and a 200-day moving average of $30.26. The company has a market capitalization of $2.87 billion, a PE ratio of 30.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.71 and a current ratio of 2.08.

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.