ATS (NYSE:ATS) Stock Price Up 5.7%

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

Analyst Upgrades and Downgrades

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

ATS Price Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.70 and a quick ratio of 1.41. The firm has a market cap of $3.08 billion and a P/E ratio of 23.22. The stock’s 50-day simple moving average is $35.61 and its two-hundred day simple moving average is $38.49.

ATS (NYSE:ATS) last posted 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). ATS had a net margin of 5.89% and a return on equity of 17.56%. The firm had revenue of $552.45 million for the quarter, compared to the consensus estimate of $536.95 million. Equities research analysts forecast that ATS Co. will post 1.82 earnings per share for the current fiscal year.

Institutional Trading of ATS

Large investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in shares of ATS by 55.0% during the fourth quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock valued at $33,000 after purchasing an additional 271 shares during the period. Osaic Holdings Inc. purchased a new stake in shares of ATS during the second quarter valued at $38,000. PNC Financial Services Group Inc. boosted its stake in shares of ATS by 4,342.1% during the third quarter. PNC Financial Services Group Inc. now owns 844 shares of the company’s stock valued at $36,000 after purchasing an additional 825 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of ATS during the third quarter valued at $55,000. Finally, Franklin Resources Inc. purchased a new stake in shares of ATS during the second quarter valued at $230,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

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.