Healthcare of Ontario Pension Plan Trust Fund Sells 79,700 Shares of ATS Co. (NYSE:ATS)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of ATS Co. (NYSE:ATS) by 24.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 243,902 shares of the company’s stock after selling 79,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ATS were worth $7,880,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. 1832 Asset Management L.P. lifted its holdings in ATS by 90.1% in the first quarter. 1832 Asset Management L.P. now owns 439,400 shares of the company’s stock valued at $14,817,000 after buying an additional 208,200 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in ATS by 10.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 517,284 shares of the company’s stock valued at $22,331,000 after buying an additional 47,896 shares during the period. Capital International Sarl lifted its holdings in ATS by 40.7% in the first quarter. Capital International Sarl now owns 149,785 shares of the company’s stock valued at $5,044,000 after buying an additional 43,336 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its holdings in ATS by 67.0% in the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 138,625 shares of the company’s stock valued at $4,669,000 after buying an additional 55,600 shares during the period. Finally, Capital World Investors lifted its holdings in ATS by 2.4% in the first quarter. Capital World Investors now owns 4,578,084 shares of the company’s stock valued at $154,050,000 after buying an additional 107,351 shares during the period. Institutional investors own 75.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATS. JPMorgan Chase & Co. dropped their target price on shares of ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. The Goldman Sachs Group dropped their price objective on shares of ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.00.

ATS Trading Up 1.6 %

ATS opened at $30.05 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.51. ATS Co. has a fifty-two week low of $24.82 and a fifty-two week high of $44.70. The firm has a market capitalization of $2.94 billion, a PE ratio of 20.58 and a beta of 1.17. The company’s 50-day moving average is $27.61 and its 200 day moving average is $30.87.

ATS (NYSE:ATS) last posted its earnings results 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 business had revenue of $507.43 million during the quarter, compared to analyst estimates of $502.41 million. As a group, research analysts predict that ATS Co. will post 1.44 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.