ATS Co. (NYSE:ATS) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in ATS Co. (NYSE:ATS) by 41.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,483 shares of the company’s stock after selling 1,747 shares during the period. Van ECK Associates Corp’s holdings in ATS were worth $76,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in ATS by 94.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock valued at $54,000 after buying an additional 860 shares during the period. CIBC Asset Management Inc grew its position in shares of ATS by 0.4% during the third quarter. CIBC Asset Management Inc now owns 325,449 shares of the company’s stock worth $9,446,000 after buying an additional 1,269 shares in the last quarter. Geode Capital Management LLC boosted its holdings in ATS by 5.2% in the third quarter. Geode Capital Management LLC now owns 38,987 shares of the company’s stock worth $1,136,000 after purchasing an additional 1,920 shares during the period. Aigen Investment Management LP boosted its holdings in ATS by 19.8% in the third quarter. Aigen Investment Management LP now owns 20,493 shares of the company’s stock worth $595,000 after purchasing an additional 3,381 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in ATS by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 362,758 shares of the company’s stock worth $10,537,000 after purchasing an additional 3,661 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Stock Performance

Shares of ATS opened at $28.81 on Monday. ATS Co. has a 1 year low of $24.82 and a 1 year high of $39.04. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 43.65 and a beta of 1.13. 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 fifty day moving average of $28.78 and a 200-day moving average of $28.96.

ATS (NYSE:ATS) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) 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%. As a group, equities analysts anticipate that ATS Co. will post 1.02 earnings per share for the current year.

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.