ATS Co. (NYSE:ATS) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of ATS Co. (NYSE:ATS) by 1.0% in the third quarter, Holdings Channel reports. The fund owned 362,758 shares of the company’s stock after purchasing an additional 3,661 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ATS were worth $10,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of ATS by 91.5% during the second quarter. Van ECK Associates Corp now owns 3,294 shares of the company’s stock worth $106,000 after purchasing an additional 1,574 shares during the last quarter. Bessemer Group Inc. raised its position in ATS by 37.7% during 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 during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of ATS in the second quarter valued at about $286,000. Dynasty Wealth Management LLC purchased a new stake in shares of ATS in the first quarter valued at about $337,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of ATS by 4.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock worth $565,000 after acquiring an additional 804 shares during the period. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

ATS Stock Up 0.5 %

Shares of NYSE ATS opened at $30.44 on Friday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 20.85 and a beta of 1.17. ATS Co. has a 52 week low of $24.82 and a 52 week high of $44.70. The firm has a 50-day moving average price of $28.37 and a 200 day moving average price of $30.42. 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 posted its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $507.43 million for the quarter, compared to analyst estimates of $502.41 million. ATS had a net margin of 6.11% and a return on equity of 14.63%. Equities research analysts anticipate that ATS Co. will post 1.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group reduced their price target on ATS from $34.00 to $30.00 and set a “sell” rating for the company in a report on Tuesday, August 13th. One research 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.00.

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.