Clearbridge Investments LLC Has $53.42 Million Holdings in ATS Co. (NYSE:ATS)

Clearbridge Investments LLC trimmed its position in shares of ATS Co. (NYSE:ATS) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,584,250 shares of the company’s stock after selling 34,175 shares during the period. Clearbridge Investments LLC owned 1.60% of ATS worth $53,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of ATS by 55.0% during the 4th quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock worth $33,000 after purchasing an additional 271 shares during the last quarter. Steph & Co. increased its position in ATS by 133.6% during the first quarter. Steph & Co. now owns 6,215 shares of the company’s stock worth $210,000 after buying an additional 3,554 shares during the last quarter. Aigen Investment Management LP bought a new stake in ATS in the fourth quarter valued at approximately $315,000. Citigroup Inc. lifted its holdings in ATS by 5.4% during the 3rd quarter. Citigroup Inc. now owns 8,193 shares of the company’s stock valued at $351,000 after purchasing an additional 420 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of ATS by 41.3% in the fourth quarter. Brown Advisory Inc. now owns 10,634 shares of the company’s stock valued at $458,000 after purchasing an additional 3,110 shares during the last quarter. 75.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of ATS in a research note on Tuesday, March 26th. They set a “sell” rating and a $34.00 target price for the company. Scotiabank upgraded shares of ATS to a “hold” rating in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. decreased their target price on ATS from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ATS presently has a consensus rating of “Hold” and a consensus target price of $45.67.

ATS Stock Performance

NYSE:ATS traded down $1.49 during mid-day trading on Wednesday, reaching $31.44. 35,039 shares of the company’s stock were exchanged, compared to its average volume of 95,630. ATS Co. has a one year low of $29.78 and a one year high of $46.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.42 and a current ratio of 1.70. The business’s fifty day simple moving average is $32.29 and its two-hundred day simple moving average is $35.36. The firm has a market capitalization of $3.08 billion, a PE ratio of 22.55 and a beta of 1.16.

ATS (NYSE:ATS) last announced its earnings results on Thursday, May 16th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. ATS had a net margin of 6.39% and a return on equity of 15.97%. The company had revenue of $587.12 million for the quarter, compared to analysts’ expectations of $534.08 million. Analysts anticipate that ATS Co. will post 1.75 earnings per share for the current fiscal year.

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.