Invesco Ltd. Decreases Stake in ATS Co. (NYSE:ATS)

Invesco Ltd. cut its stake in ATS Co. (NYSE:ATS) by 0.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,611,140 shares of the company’s stock after selling 1,774 shares during the period. Invesco Ltd.’s holdings in ATS were worth $49,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ATS. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock worth $54,000 after buying an additional 860 shares during the period. Northwest & Ethical Investments L.P. raised its stake in ATS by 7.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company’s stock worth $199,000 after acquiring an additional 478 shares during the last quarter. Procyon Advisors LLC acquired a new stake in ATS during the 4th quarter worth about $293,000. abrdn plc grew its stake in ATS by 38.5% during the 4th quarter. abrdn plc now owns 13,267 shares of the company’s stock valued at $401,000 after purchasing an additional 3,685 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of ATS by 125.0% in the third quarter. Franklin Resources Inc. now owns 14,132 shares of the company’s stock valued at $431,000 after purchasing an additional 7,850 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Trading Down 0.8 %

ATS stock opened at $24.72 on Wednesday. The stock has a 50-day moving average price of $26.95 and a 200 day moving average price of $28.72. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 37.45 and a beta of 1.10. ATS Co. has a 52 week low of $20.90 and a 52 week high of $35.42. The company has a quick ratio of 1.58, a current ratio of 1.92 and a debt-to-equity ratio of 0.97.

ATS (NYSE:ATS) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. Sell-side analysts anticipate that ATS Co. will post 1.02 EPS for the current 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.