Procyon Advisors LLC Buys 1,456 Shares of ATS Co. (NYSE:ATS)

Procyon Advisors LLC raised its stake in ATS Co. (NYSE:ATS) by 15.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 11,084 shares of the company’s stock after acquiring an additional 1,456 shares during the period. Procyon Advisors LLC’s holdings in ATS were worth $276,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. abrdn plc grew its position in shares of ATS by 38.5% in the 4th quarter. abrdn plc now owns 13,267 shares of the company’s stock valued at $401,000 after buying an additional 3,685 shares during the last quarter. Vanguard Group Inc. grew its position in shares of ATS by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company’s stock valued at $98,486,000 after buying an additional 51,365 shares during the last quarter. Norges Bank bought a new stake in shares of ATS during the 4th quarter valued at about $31,295,000. Heathbridge Capital Management Ltd. bought a new stake in shares of ATS during the 4th quarter valued at about $10,024,000. Finally, Mariner LLC boosted its position in shares of ATS by 8.0% during the 4th quarter. Mariner LLC now owns 9,328 shares of the company’s stock valued at $284,000 after purchasing an additional 689 shares in the last quarter. Institutional investors own 75.84% of the company’s stock.

Analysts Set New Price Targets

ATS has been the topic of several research analyst reports. Wall Street Zen lowered ATS from a “hold” rating to a “sell” rating in a research report on Saturday. Scotiabank upgraded ATS to a “hold” rating in a research report on Tuesday, April 29th.

ATS Stock Up 1.1%

ATS stock opened at $30.48 on Tuesday. The stock’s 50 day simple moving average is $26.13 and its 200 day simple moving average is $27.88. ATS Co. has a fifty-two week low of $20.90 and a fifty-two week high of $34.32. 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 company has a market cap of $2.98 billion, a P/E ratio of 46.18 and a beta of 1.22.

ATS (NYSE:ATS) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $503.20 million for the quarter, compared to the consensus estimate of $687.03 million. ATS had a return on equity of 9.95% and a net margin of 3.27%. ATS’s revenue for the quarter was down 27.5% on a year-over-year basis. On average, research analysts expect that ATS Co. will post 1.02 earnings per share for the current fiscal year.

About ATS

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.