K.J. Harrison & Partners Inc Increases Stake in ATS Co. (NYSE:ATS)

K.J. Harrison & Partners Inc boosted its stake in ATS Co. (NYSE:ATS) by 17.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,850 shares of the company’s stock after buying an additional 5,200 shares during the period. K.J. Harrison & Partners Inc’s holdings in ATS were worth $1,548,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ATS. FMR LLC increased its stake in ATS by 20.7% in the 3rd quarter. FMR LLC now owns 5,371,545 shares of the company’s stock worth $228,980,000 after purchasing an additional 919,932 shares during the period. Mackenzie Financial Corp grew its position in shares of ATS by 38.1% in the 3rd quarter. Mackenzie Financial Corp now owns 1,617,505 shares of the company’s stock worth $64,684,000 after buying an additional 446,568 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of ATS by 19.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,326,984 shares of the company’s stock worth $99,190,000 after buying an additional 385,292 shares during the last quarter. Vanguard Group Inc. grew its position in shares of ATS by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,852,701 shares of the company’s stock worth $121,582,000 after buying an additional 229,765 shares during the last quarter. Finally, Covalis Capital LLP bought a new stake in shares of ATS in the 3rd quarter worth approximately $8,400,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

ATS Trading Up 0.7 %

Shares of ATS stock traded up $0.23 during trading hours on Friday, reaching $33.03. The company’s stock had a trading volume of 113,690 shares, compared to its average volume of 92,834. The company has a current ratio of 1.70, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81. ATS Co. has a one year low of $29.78 and a one year high of $48.89. The stock has a market capitalization of $3.27 billion and a P/E ratio of 24.65. The firm’s fifty day simple moving average is $34.98 and its 200 day simple moving average is $38.24.

ATS (NYSE:ATS) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). ATS had a net margin of 5.89% and a return on equity of 17.56%. The firm had revenue of $552.45 million for the quarter, compared to the consensus estimate of $536.95 million. Equities research analysts expect that ATS Co. will post 1.82 EPS for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on ATS in a research report on Tuesday, March 26th. They issued a “sell” rating and a $34.00 price objective on the stock.

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.