Mackenzie Financial Corp Sells 415,451 Shares of ATS Co. (NYSE:ATS)

Mackenzie Financial Corp decreased its position in ATS Co. (NYSE:ATS) by 25.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,202,054 shares of the company’s stock after selling 415,451 shares during the quarter. Mackenzie Financial Corp’s holdings in ATS were worth $51,834,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ATS. Alliancebernstein L.P. bought a new stake in ATS in the 2nd quarter valued at approximately $52,129,000. FMR LLC raised its stake in shares of ATS by 20.7% during 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 in the last quarter. Citadel Advisors LLC bought a new stake in shares of ATS during the 2nd quarter worth approximately $27,891,000. Natixis Advisors L.P. bought a new stake in shares of ATS during the 2nd quarter worth approximately $20,311,000. Finally, Legal & General Group Plc bought a new stake in shares of ATS during the 3rd quarter worth approximately $16,764,000. Institutional investors own 75.84% of the company’s stock.

ATS Stock Down 0.5 %

ATS stock opened at $29.93 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.96 billion and a PE ratio of 22.34. ATS Co. has a 1-year low of $29.80 and a 1-year high of $48.89. The business’s 50 day simple moving average is $36.24 and its 200 day simple moving average is $38.66.

ATS (NYSE:ATS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $536.95 million. As a group, research analysts anticipate that ATS Co. will post 1.82 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ATS shares. JPMorgan Chase & Co. started coverage on ATS in a research note on Wednesday, December 20th. They set a “neutral” rating and a $45.00 price objective on the stock. The Goldman Sachs Group started coverage on ATS in a research note on Tuesday, March 26th. They set a “sell” rating and a $34.00 price objective on the stock.

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.