ATS (NYSE:ATS) Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of ATS (NYSE:ATS) from a sell rating to a hold rating in a research report report published on Saturday.

Separately, Scotiabank upgraded ATS to a “hold” rating in a research note on Tuesday, April 29th.

ATS Price Performance

Shares of NYSE ATS opened at $32.49 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 0.96. ATS has a twelve month low of $20.90 and a twelve month high of $34.32. The stock has a 50 day moving average of $28.93 and a two-hundred day moving average of $27.89. The stock has a market cap of $3.17 billion, a P/E ratio of -171.00 and a beta of 1.28.

ATS (NYSE:ATS) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. ATS had a positive return on equity of 8.38% and a negative net margin of 1.00%. The company had revenue of $503.20 million during the quarter, compared to analysts’ expectations of $687.03 million. The company’s quarterly revenue was down 27.5% on a year-over-year basis. On average, research analysts forecast that ATS will post 1.02 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of ATS by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company’s stock valued at $98,486,000 after purchasing an additional 51,365 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ATS by 1.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,571 shares of the company’s stock valued at $2,547,000 after purchasing an additional 1,053 shares during the period. Norges Bank acquired a new position in shares of ATS in the fourth quarter valued at approximately $31,295,000. Mariner LLC increased its holdings in shares of ATS by 8.0% in the fourth quarter. Mariner LLC now owns 9,328 shares of the company’s stock valued at $284,000 after purchasing an additional 689 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of ATS by 79.3% in the fourth quarter. Bank of America Corp DE now owns 808,052 shares of the company’s stock valued at $24,629,000 after purchasing an additional 357,322 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.

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.