Dixon Mitchell Investment Counsel Inc. Raises Stock Position in ATS Co. (NYSE:ATS)

Dixon Mitchell Investment Counsel Inc. raised its holdings in ATS Co. (NYSE:ATS) by 41.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 336,525 shares of the company’s stock after purchasing an additional 97,900 shares during the quarter. Dixon Mitchell Investment Counsel Inc. owned 0.34% of ATS worth $9,775,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in shares of ATS by 135.2% in the second quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company’s stock worth $104,707,000 after buying an additional 1,862,912 shares during the last quarter. Capital International Investors grew its stake in shares of ATS by 18.9% during the 1st quarter. Capital International Investors now owns 8,336,811 shares of the company’s stock worth $280,530,000 after purchasing an additional 1,325,247 shares during the period. EdgePoint Investment Group Inc. increased its holdings in shares of ATS by 34.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 3,560,512 shares of the company’s stock valued at $119,863,000 after purchasing an additional 909,149 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of ATS in the 2nd quarter valued at $11,602,000. Finally, Principal Financial Group Inc. boosted its holdings in ATS by 77.8% during the second quarter. Principal Financial Group Inc. now owns 639,540 shares of the company’s stock worth $20,691,000 after buying an additional 279,880 shares in the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

ATS Stock Up 3.7 %

Shares of NYSE ATS opened at $31.51 on Friday. ATS Co. has a 52-week low of $24.82 and a 52-week high of $44.70. The company has a quick ratio of 1.51, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The company’s 50-day simple moving average is $27.94 and its 200-day simple moving average is $30.50. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 21.58 and a beta of 1.17.

ATS (NYSE:ATS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). ATS had a return on equity of 14.63% and a net margin of 6.11%. The firm had revenue of $507.43 million during the quarter, compared to analyst estimates of $502.41 million. Equities analysts predict that ATS Co. will post 1.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ATS. The Goldman Sachs Group lowered their target price on shares of ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. lowered their price target on ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.00.

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.