abrdn plc Purchases 2,666 Shares of ATS Co. (NYSE:ATS)

abrdn plc raised its position in ATS Co. (NYSE:ATS) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,066 shares of the company’s stock after acquiring an additional 2,666 shares during the quarter. abrdn plc’s holdings in ATS were worth $993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in shares of ATS by 20.7% in the third quarter. FMR LLC now owns 5,371,545 shares of the company’s stock valued at $228,980,000 after buying an additional 919,932 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ATS by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,852,701 shares of the company’s stock worth $121,582,000 after buying an additional 229,765 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of ATS by 19.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,326,984 shares of the company’s stock worth $99,190,000 after buying an additional 385,292 shares during the period. Mackenzie Financial Corp raised its holdings in ATS by 38.1% in the 3rd quarter. Mackenzie Financial Corp now owns 1,617,505 shares of the company’s stock valued at $64,684,000 after acquiring an additional 446,568 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in ATS by 1.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 983,695 shares of the company’s stock worth $42,605,000 after acquiring an additional 16,115 shares during the last quarter. 75.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on ATS in a report on Tuesday, March 26th. They set a “sell” rating and a $34.00 price target for the company.

ATS Price Performance

ATS stock opened at $32.81 on Tuesday. The firm has a market cap of $3.25 billion and a PE ratio of 24.49. ATS Co. has a one year low of $29.78 and a one year high of $48.89. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.70 and a quick ratio of 1.41. The stock’s fifty day moving average price is $34.85 and its two-hundred day moving average price is $38.16.

ATS (NYSE:ATS) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). ATS had a return on equity of 17.56% and a net margin of 5.89%. The firm had revenue of $552.45 million for the quarter, compared to analyst estimates of $536.95 million. As a group, research analysts expect that ATS Co. will post 1.82 EPS 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.