ATS Co. (NYSE:ATS) Stake Reduced by CIBC Asset Management Inc

CIBC Asset Management Inc cut its holdings in ATS Co. (NYSE:ATS) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 322,713 shares of the company’s stock after selling 2,736 shares during the quarter. CIBC Asset Management Inc’s holdings in ATS were worth $9,820,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Highland Peak Capital LLC purchased a new position in ATS in the 3rd quarter worth about $5,798,000. Barclays PLC purchased a new position in ATS in the 3rd quarter worth about $510,000. National Bank of Canada FI increased its stake in ATS by 29.0% in the 3rd quarter. National Bank of Canada FI now owns 418,651 shares of the company’s stock worth $12,162,000 after purchasing an additional 94,158 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in ATS by 94.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock worth $54,000 after purchasing an additional 860 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in ATS in the 3rd quarter worth about $722,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Trading Down 0.6 %

Shares of ATS opened at $29.06 on Wednesday. The business’s 50-day moving average price is $28.97 and its 200 day moving average price is $28.92. The stock has a market capitalization of $2.85 billion, a P/E ratio of 44.03 and a beta of 1.13. ATS Co. has a 1-year low of $24.82 and a 1-year high of $39.58. The company has a current ratio of 1.92, a quick ratio of 1.71 and a debt-to-equity ratio of 0.97.

ATS (NYSE:ATS) last released its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ATS had a return on equity of 9.95% and a net margin of 3.27%. Analysts expect that ATS Co. will post 1.06 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.