Highland Peak Capital LLC Makes New Investment in ATS Co. (NYSE:ATS)

Highland Peak Capital LLC purchased a new stake in ATS Co. (NYSE:ATS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 199,810 shares of the company’s stock, valued at approximately $5,798,000. ATS makes up about 2.5% of Highland Peak Capital LLC’s portfolio, making the stock its 8th largest holding. Highland Peak Capital LLC owned approximately 0.20% of ATS at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC boosted its position in ATS by 8.7% during the third quarter. Natixis Advisors LLC now owns 89,935 shares of the company’s stock valued at $2,613,000 after buying an additional 7,195 shares during the period. Royce & Associates LP boosted its holdings in ATS by 145.1% in the third quarter. Royce & Associates LP now owns 62,500 shares of the company’s stock valued at $1,813,000 after acquiring an additional 37,000 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of ATS by 0.4% during the third quarter. CIBC Asset Management Inc now owns 325,449 shares of the company’s stock valued at $9,446,000 after buying an additional 1,269 shares during the period. Nicola Wealth Management LTD. bought a new position in shares of ATS in the 3rd quarter worth approximately $11,071,000. Finally, Aigen Investment Management LP raised its holdings in ATS by 19.8% in the third quarter. Aigen Investment Management LP now owns 20,493 shares of the company’s stock worth $595,000 after purchasing an additional 3,381 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

ATS Trading Up 0.9 %

ATS stock opened at $29.60 on Thursday. ATS Co. has a one year low of $24.82 and a one year high of $44.70. The business’s fifty day moving average is $29.36 and its 200 day moving average is $30.13. The stock has a market capitalization of $2.90 billion, a PE ratio of 30.83 and a beta of 1.05. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.08 and a quick ratio of 1.71.

Analyst Upgrades and Downgrades

ATS has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. The Goldman Sachs Group dropped their target price on ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Tuesday, August 13th.

ATS 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.