Alliancebernstein L.P. Sells 18,425 Shares of ATS Co. (NYSE:ATS)

Alliancebernstein L.P. cut its position in shares of ATS Co. (NYSE:ATS) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,035,524 shares of the company’s stock after selling 18,425 shares during the period. Alliancebernstein L.P. owned 1.06% of ATS worth $31,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in ATS by 94.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock worth $54,000 after buying an additional 860 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of ATS by 7.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,527 shares of the company’s stock worth $199,000 after acquiring an additional 478 shares during the last quarter. Procyon Advisors LLC bought a new stake in ATS in the 4th quarter valued at $293,000. abrdn plc lifted its holdings in ATS by 38.5% during the 4th quarter. abrdn plc now owns 13,267 shares of the company’s stock valued at $401,000 after purchasing an additional 3,685 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in ATS by 125.0% during the third quarter. Franklin Resources Inc. now owns 14,132 shares of the company’s stock worth $431,000 after purchasing an additional 7,850 shares during the period. 75.84% of the stock is owned by institutional investors.

ATS Price Performance

NYSE:ATS opened at $23.56 on Monday. The firm’s fifty day moving average price is $27.67 and its two-hundred day moving average price is $29.08. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.92 and a quick ratio of 1.58. The company has a market cap of $2.31 billion, a P/E ratio of 35.69 and a beta of 1.10. ATS Co. has a one year low of $23.10 and a one year high of $35.42.

ATS (NYSE:ATS) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. Equities analysts expect 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.