Natixis Advisors L.P. Boosts Stock Position in ATS Co. (NYSE:ATS)

Natixis Advisors L.P. raised its holdings in shares of ATS Co. (NYSE:ATS) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 497,622 shares of the company’s stock after purchasing an additional 19,647 shares during the quarter. Natixis Advisors L.P.’s holdings in ATS were worth $21,432,000 as of its most recent filing with the Securities & Exchange Commission.

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

ATS Stock Down 1.1 %

Shares of NYSE ATS opened at $32.12 on Monday. ATS Co. has a 52-week low of $29.78 and a 52-week high of $48.89. The firm has a market capitalization of $3.18 billion and a price-to-earnings ratio of 23.97. The stock has a 50 day moving average price of $34.44 and a 200 day moving average price of $38.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.41 and a current ratio of 1.70.

ATS (NYSE:ATS) last issued its earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $552.45 million during the quarter, compared to analysts’ expectations of $536.95 million. ATS had a return on equity of 17.56% and a net margin of 5.89%. Sell-side analysts expect that ATS Co. will post 1.82 earnings per share for the current year.

Analysts Set New Price Targets

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

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.