ATS Co. (NYSE:ATS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in ATS Co. (NYSE:ATS) by 21.8% in the fourth quarter, HoldingsChannel reports. The fund owned 283,858 shares of the company’s stock after selling 78,900 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ATS were worth $8,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATS. Galibier Capital Management Ltd. boosted its position in ATS by 440.2% during the 4th quarter. Galibier Capital Management Ltd. now owns 717,571 shares of the company’s stock worth $21,873,000 after acquiring an additional 584,741 shares during the period. Nicola Wealth Management LTD. acquired a new position in ATS in the 3rd quarter valued at approximately $11,071,000. Intact Investment Management Inc. purchased a new stake in shares of ATS during the 3rd quarter worth about $7,777,000. Highland Peak Capital LLC acquired a new position in ATS during the 3rd quarter worth $5,798,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of ATS by 73.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 425,392 shares of the company’s stock valued at $12,341,000 after purchasing an additional 180,281 shares during the last quarter. 75.84% of the stock is owned by institutional investors.

ATS Trading Down 0.6 %

ATS stock opened at $29.06 on Wednesday. The firm has a market capitalization of $2.85 billion, a PE ratio of 44.03 and a beta of 1.13. The business’s 50-day simple moving average is $28.97 and its 200-day simple moving average is $28.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.71 and a current ratio of 1.92. ATS Co. has a 52 week low of $24.82 and a 52 week high of $39.58.

ATS (NYSE:ATS) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. Equities research analysts forecast that ATS Co. will post 1.06 earnings per share for the current year.

ATS 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.