Principal Financial Group Inc. Has $19.20 Million Holdings in ATS Co. (NYSE:ATS)

Principal Financial Group Inc. increased its holdings in shares of ATS Co. (NYSE:ATS) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 661,040 shares of the company’s stock after acquiring an additional 21,500 shares during the period. Principal Financial Group Inc.’s holdings in ATS were worth $19,201,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. 1832 Asset Management L.P. increased its holdings in ATS by 90.1% during the first quarter. 1832 Asset Management L.P. now owns 439,400 shares of the company’s stock worth $14,817,000 after buying an additional 208,200 shares during the last quarter. Capital International Sarl lifted its stake in ATS by 40.7% in the 1st quarter. Capital International Sarl now owns 149,785 shares of the company’s stock valued at $5,044,000 after purchasing an additional 43,336 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in ATS by 18.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,602 shares of the company’s stock valued at $10,907,000 after purchasing an additional 50,000 shares during the last quarter. Capital World Investors grew its holdings in ATS by 2.4% during the first quarter. Capital World Investors now owns 4,578,084 shares of the company’s stock worth $154,050,000 after purchasing an additional 107,351 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in ATS during the second quarter worth approximately $11,602,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. 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. JPMorgan Chase & Co. reduced their price objective 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.

ATS Trading Down 2.0 %

Shares of ATS stock opened at $28.76 on Friday. ATS Co. has a 12-month low of $24.82 and a 12-month high of $44.70. The company has a market capitalization of $2.82 billion, a PE ratio of 30.20 and a beta of 1.05. The firm has a 50 day moving average price of $29.13 and a two-hundred day moving average price of $30.25. The company has a quick ratio of 1.71, a current ratio of 2.08 and a debt-to-equity ratio of 1.00.

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.