Short Interest in ATS Co. (NYSE:ATS) Expands By 9.8%

ATS Co. (NYSE:ATS) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,130,000 shares, a growth of 9.8% from the October 15th total of 2,850,000 shares. Based on an average trading volume of 143,600 shares, the days-to-cover ratio is presently 21.8 days. Currently, 3.2% of the company’s stock are sold short.

ATS Stock Down 2.2 %

ATS stock opened at $28.14 on Friday. The stock has a market cap of $2.76 billion, a P/E ratio of 29.31 and a beta of 1.05. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00. The stock’s fifty day simple moving average is $29.25 and its two-hundred day simple moving average is $30.21. ATS has a 1-year low of $24.82 and a 1-year high of $44.70.

Analyst Ratings Changes

ATS has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on shares of ATS from $34.00 to $30.00 and set a “sell” rating for the company in a report on Tuesday, August 13th. JPMorgan Chase & Co. decreased their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th.

Institutional Investors Weigh In On ATS

A number of hedge funds have recently made changes to their positions in ATS. Capital International Investors increased its holdings in ATS by 18.9% during the first quarter. Capital International Investors now owns 8,336,811 shares of the company’s stock worth $280,530,000 after buying an additional 1,325,247 shares during the last quarter. Capital World Investors increased its stake in shares of ATS by 2.4% during the 1st quarter. Capital World Investors now owns 4,578,084 shares of the company’s stock worth $154,050,000 after purchasing an additional 107,351 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake 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 worth $119,863,000 after purchasing an additional 909,149 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of ATS by 135.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company’s stock worth $104,707,000 after purchasing an additional 1,862,912 shares during the period. Finally, Vanguard Group Inc. lifted its stake in ATS by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,916,009 shares of the company’s stock valued at $98,328,000 after purchasing an additional 32,123 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors.

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.