ATS (NYSE:ATS) Stock Price Up 5.7%

ATS Co. (NYSE:ATS)’s stock price rose 5.7% during mid-day trading on Thursday . The company traded as high as $32.10 and last traded at $32.03. Approximately 45,079 shares were traded during trading, a decline of 46% from the average daily volume of 82,877 shares. The stock had previously closed at $30.29.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on ATS in a research report on Tuesday, March 26th. They set a “sell” rating and a $34.00 target price on the stock.

ATS Stock Down 1.4 %

The business has a fifty day simple moving average of $35.61 and a two-hundred day simple moving average of $38.49. 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 company has a market cap of $3.08 billion and a PE ratio of 23.22.

ATS (NYSE:ATS) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The firm had revenue of $552.45 million during the quarter, compared to analysts’ expectations of $536.95 million. ATS had a net margin of 5.89% and a return on equity of 17.56%. As a group, equities research analysts predict that ATS Co. will post 1.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATS. Alliancebernstein L.P. acquired a new stake in shares of ATS in the 2nd quarter worth $52,129,000. Capital International Investors increased its stake in shares of ATS by 18.0% in the 4th quarter. Capital International Investors now owns 7,011,564 shares of the company’s stock worth $302,200,000 after acquiring an additional 1,068,310 shares during the last quarter. Norges Bank acquired a new stake in shares of ATS in the 4th quarter worth $40,685,000. FMR LLC increased its stake in shares of ATS by 20.7% in the 3rd quarter. FMR LLC now owns 5,371,545 shares of the company’s stock worth $228,980,000 after acquiring an additional 919,932 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of ATS in the 2nd quarter worth $27,891,000. Hedge funds and other institutional investors own 75.84% of the company’s 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.