National Bank of Canada FI Increases Stock Position in ATS Co. (NYSE:ATS)

National Bank of Canada FI grew its position in shares of ATS Co. (NYSE:ATS) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 493,601 shares of the company’s stock after purchasing an additional 74,950 shares during the quarter. National Bank of Canada FI owned approximately 0.50% of ATS worth $15,068,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in ATS by 94.3% during the 4th 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. grew its position in shares of ATS by 7.9% during the fourth 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 purchased a new stake in ATS in the 4th quarter valued at $293,000. abrdn plc boosted its stake in ATS by 38.5% during the 4th quarter. abrdn plc now owns 13,267 shares of the company’s stock worth $401,000 after purchasing an additional 3,685 shares during the period. Finally, Franklin Resources Inc. boosted its stake in ATS by 125.0% during the 3rd 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. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Price Performance

Shares of ATS opened at $23.56 on Friday. ATS Co. has a fifty-two week low of $23.10 and a fifty-two week high of $35.42. 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 50-day simple moving average of $27.67 and a 200-day simple moving average of $29.05. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 35.69 and a beta of 1.10.

ATS (NYSE:ATS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. On average, equities research analysts anticipate that ATS Co. will post 1.02 earnings per share for the current 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.