Marathon Asset Management Ltd Cuts Position in ATS Corporation $ATS

Marathon Asset Management Ltd cut its stake in ATS Corporation (NYSE:ATS) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,097,711 shares of the company’s stock after selling 68,296 shares during the quarter. Marathon Asset Management Ltd owned about 1.12% of ATS worth $30,278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in shares of ATS in the 3rd quarter valued at $32,000. Raymond James Financial Inc. purchased a new position in shares of ATS in the 2nd quarter valued at $43,000. State of Wyoming purchased a new position in shares of ATS in the 3rd quarter valued at $112,000. SkyView Investment Advisors LLC purchased a new position in shares of ATS in the 2nd quarter valued at $237,000. Finally, Boothbay Fund Management LLC increased its holdings in shares of ATS by 52.4% in the 3rd quarter. Boothbay Fund Management LLC now owns 10,170 shares of the company’s stock valued at $266,000 after acquiring an additional 3,496 shares during the period. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

ATS Stock Down 1.6%

ATS stock opened at $31.45 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.65. The business’s 50-day simple moving average is $31.14 and its two-hundred day simple moving average is $29.46. The company has a market cap of $3.09 billion, a PE ratio of 209.68 and a beta of 1.26. ATS Corporation has a fifty-two week low of $23.84 and a fifty-two week high of $35.70.

Analysts Set New Price Targets

ATS has been the topic of a number of analyst reports. Scotiabank reiterated an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. TD Securities reiterated a “buy” rating on shares of ATS in a report on Monday, January 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a report on Monday, April 20th. Zacks Research downgraded ATS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen downgraded ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ATS currently has an average rating of “Hold” and an average target price of $35.00.

ATS Company Profile

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.