ATS (NYSE:ATS) Sets New 52-Week Low – Here’s Why

ATS Corporation (NYSE:ATS) shares reached a new 52-week low on Wednesday. The company traded as low as $17.72 and last traded at $17.7150, with a volume of 29079 shares trading hands. The stock had previously closed at $18.25.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Securities cut ATS from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings lowered ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. Wall Street Zen cut ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Desjardins assumed coverage on shares of ATS in a research note on Tuesday, June 16th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.50.

ATS Price Performance

The business’s 50-day simple moving average is $19.94 and its 200 day simple moving average is $26.31. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.71 billion, a P/E ratio of 51.99 and a beta of 1.18.

ATS (NYSE:ATS) last announced its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). ATS had a net margin of 1.60% and a return on equity of 8.96%. The firm had revenue of $488.38 million for the quarter, compared to the consensus estimate of $509.71 million. During the same period in the prior year, the business earned $0.41 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that ATS Corporation will post 1.12 EPS for the current year.

Institutional Trading of ATS

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in ATS by 1.5% during the first quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock worth $218,884,000 after buying an additional 117,291 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in ATS by 4.1% during the first quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock worth $202,081,000 after purchasing an additional 279,327 shares during the period. Jupiter Topco LLC bought a new position in ATS during the second quarter worth about $66,908,000. Janus Henderson Group PLC boosted its holdings in ATS by 166.5% during the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after purchasing an additional 1,435,375 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of ATS by 3.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,683,683 shares of the company’s stock valued at $47,431,000 after purchasing an additional 49,234 shares during the period. Institutional investors own 75.84% of the company’s stock.

About ATS

ATS Corporation, also known as ATS Automation Tooling Systems, is an industrial automation company that designs, builds and services automated manufacturing and assembly systems. Its solutions combine robotics, precision machinery, controls, software, machine vision and other technologies to help manufacturers improve production efficiency, quality and repeatability.

The company provides custom automation equipment, standardized automation products, production systems, packaging and material-handling solutions, and related aftermarket services.