Massachusetts Financial Services Co. MA Decreases Stock Holdings in ATS Co. (NYSE:ATS)

Massachusetts Financial Services Co. MA reduced its stake in shares of ATS Co. (NYSE:ATS) by 1.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 555,912 shares of the company’s stock after selling 10,498 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in ATS were worth $16,149,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in ATS by 91.5% in the 2nd quarter. Van ECK Associates Corp now owns 3,294 shares of the company’s stock valued at $106,000 after purchasing an additional 1,574 shares in the last quarter. Bessemer Group Inc. increased its position in shares of ATS by 37.7% in the first 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. Hantz Financial Services Inc. acquired a new position in shares of ATS during the 2nd quarter worth $286,000. Dynasty Wealth Management LLC purchased a new stake in shares of ATS in the 1st quarter worth about $337,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in ATS by 4.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock valued at $565,000 after acquiring an additional 804 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

ATS Trading Up 2.4 %

ATS stock opened at $32.03 on Tuesday. The stock has a 50-day moving average price of $29.72 and a 200 day moving average price of $30.06. ATS Co. has a 52 week low of $24.82 and a 52 week high of $44.70. The stock has a market cap of $3.14 billion, a PE ratio of 33.36 and a beta of 1.05. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ATS shares. JPMorgan Chase & Co. cut their target price on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. The Goldman Sachs Group cut their price objective on ATS from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Tuesday, August 13th.

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.