US Bancorp DE Cuts Stock Position in ATS Co. (NYSE:ATS)

US Bancorp DE decreased its position in shares of ATS Co. (NYSE:ATS) by 50.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,105 shares of the company’s stock after selling 2,113 shares during the period. US Bancorp DE’s holdings in ATS were worth $64,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in ATS by 94.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock worth $54,000 after acquiring an additional 860 shares in the last quarter. Procyon Advisors LLC acquired a new position in ATS during the 4th quarter worth $293,000. abrdn plc grew its holdings in ATS by 38.5% during the 4th quarter. abrdn plc now owns 13,267 shares of the company’s stock worth $401,000 after acquiring an additional 3,685 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of ATS by 125.0% in the 3rd quarter. Franklin Resources Inc. now owns 14,132 shares of the company’s stock valued at $431,000 after buying an additional 7,850 shares during the period. Finally, Barclays PLC acquired a new position in shares of ATS in the 3rd quarter valued at about $510,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Trading Up 1.2 %

NYSE ATS opened at $27.54 on Tuesday. ATS Co. has a one year low of $24.82 and a one year high of $37.54. The company has a 50-day simple moving average of $27.94 and a 200-day simple moving average of $29.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.92. The firm has a market capitalization of $2.70 billion, a PE ratio of 41.72 and a beta of 0.98.

ATS (NYSE:ATS) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. On average, equities analysts forecast that ATS Co. will post 1.02 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.