ATS Co. (NYSE:ATS – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $34.00 to $30.00. The Goldman Sachs Group currently has a sell rating on the stock. ATS traded as low as $26.44 and last traded at $26.55, with a volume of 9032 shares. The stock had previously closed at $26.77.
Several other research firms also recently weighed in on ATS. JPMorgan Chase & Co. decreased their price target on shares of ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday. Scotiabank raised ATS to a “hold” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.00.
Institutional Investors Weigh In On ATS
Hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in ATS by 55.0% in the 4th quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock worth $33,000 after purchasing an additional 271 shares during the period. Bessemer Group Inc. boosted its stake in ATS by 37.7% in the 1st quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock valued at $140,000 after buying an additional 1,140 shares in the last quarter. Steph & Co. raised its stake in shares of ATS by 133.6% in the first quarter. Steph & Co. now owns 6,215 shares of the company’s stock valued at $210,000 after acquiring an additional 3,554 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of ATS during the fourth quarter worth $315,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of ATS during the second quarter worth approximately $286,000. Institutional investors own 75.84% of the company’s stock.
ATS Stock Up 0.2 %
The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 18.37 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.70 and a quick ratio of 1.42. The firm has a 50 day moving average price of $31.29 and a 200-day moving average price of $34.03.
ATS (NYSE:ATS – Get Free Report) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $587.12 million for the quarter, compared to analyst estimates of $534.08 million. ATS had a return on equity of 15.97% and a net margin of 6.39%. As a group, equities analysts predict that ATS Co. will post 1.74 EPS for the current fiscal 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.