ATS Corporation $ATS Shares Acquired by Bank of Nova Scotia Trust Co.

Bank of Nova Scotia Trust Co. lifted its stake in shares of ATS Corporation (NYSE:ATS) by 23.1% during the 2nd quarter, Holdings Channel reports. The fund owned 21,802 shares of the company’s stock after buying an additional 4,089 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in ATS were worth $695,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Northwest & Ethical Investments L.P. increased its position in ATS by 27.7% during the first quarter. Northwest & Ethical Investments L.P. now owns 8,333 shares of the company’s stock worth $208,000 after purchasing an additional 1,806 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of ATS in the 2nd quarter valued at approximately $233,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ATS during the 2nd quarter worth approximately $281,000. Cidel Asset Management Inc. raised its position in shares of ATS by 11.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 9,270 shares of the company’s stock valued at $295,000 after buying an additional 984 shares during the period. Finally, XTX Topco Ltd acquired a new position in ATS in the second quarter valued at approximately $349,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Trading Up 2.2%

ATS opened at $25.61 on Friday. ATS Corporation has a 52 week low of $20.90 and a 52 week high of $33.13. The business has a fifty day simple moving average of $26.48 and a 200-day simple moving average of $28.30. The firm has a market cap of $2.51 billion, a P/E ratio of -2,557.94 and a beta of 1.25. The company has a quick ratio of 1.34, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. ATS had a positive return on equity of 8.82% and a negative net margin of 0.08%.The firm had revenue of $524.03 million for the quarter, compared to the consensus estimate of $721.51 million. During the same quarter in the previous year, the business earned $0.25 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. ATS has set its Q3 2026 guidance at EPS. On average, equities analysts expect that ATS Corporation will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

ATS has been the subject of several analyst reports. Scotiabank upgraded ATS from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of ATS from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ATS has an average rating of “Hold”.

ATS Company Profile

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.