ATS (NYSE:ATS) Posts Earnings Results, Misses Expectations By $0.06 EPS

ATS (NYSE:ATS) announced its earnings results on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06), Zacks reports. ATS had a return on equity of 9.67% and a net margin of 0.77%.

ATS Stock Up 2.0%

Shares of NYSE:ATS opened at $35.41 on Thursday. ATS has a one year low of $23.84 and a one year high of $35.82. The company has a 50 day moving average of $31.72 and a 200-day moving average of $29.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.65 and a quick ratio of 1.37. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 236.06 and a beta of 1.26.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATS. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a research report on Monday, April 20th. Scotiabank restated an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Wall Street Zen cut shares of ATS from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, Zacks Research cut shares of ATS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Institutional Investors Weigh In On ATS

Several institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its position in shares of ATS by 3.9% during the 4th quarter. Stifel Financial Corp now owns 12,593 shares of the company’s stock worth $347,000 after buying an additional 467 shares during the period. Barclays PLC boosted its stake in ATS by 16.8% during the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after acquiring an additional 756 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in ATS during the 4th quarter worth approximately $29,000. Quarry LP bought a new position in ATS during the 3rd quarter worth approximately $32,000. Finally, Raymond James Financial Inc. bought a new position in ATS during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

About ATS

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.