EdgePoint Investment Group Inc. Boosts Holdings in ATS Corporation $ATS

EdgePoint Investment Group Inc. lifted its position in shares of ATS Corporation (NYSE:ATS) by 28.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,434,005 shares of the company’s stock after buying an additional 1,416,009 shares during the period. ATS makes up approximately 1.6% of EdgePoint Investment Group Inc.’s portfolio, making the stock its 19th largest position. EdgePoint Investment Group Inc. owned about 0.07% of ATS worth $205,330,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in ATS in the second quarter worth approximately $43,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of ATS in the 2nd quarter valued at $233,000. Northwest & Ethical Investments L.P. grew its holdings in shares of ATS by 27.7% during the 1st 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 period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ATS during the 2nd quarter worth about $281,000. Finally, Cidel Asset Management Inc. raised its holdings in ATS by 11.9% in 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. 75.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ATS. Scotiabank raised shares of ATS from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, November 5th. Zacks Research raised shares of ATS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

ATS Stock Down 0.8%

Shares of NYSE:ATS opened at $27.50 on Friday. The firm has a market capitalization of $2.70 billion, a PE ratio of -2,747.25 and a beta of 1.26. ATS Corporation has a 1 year low of $20.90 and a 1 year high of $32.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 1.34. The firm’s 50-day moving average is $26.43 and its two-hundred day moving average is $28.26.

ATS (NYSE:ATS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. ATS had a negative net margin of 0.08% and a positive return on equity of 8.82%. The business had revenue of $524.03 million during the quarter, compared to analyst estimates of $721.51 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. Analysts predict that ATS Corporation will post 1.02 EPS for the current year.

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.