Thornburg Investment Management Inc. Has $5.47 Million Holdings in ATS Co. (NYSE:ATS)

Thornburg Investment Management Inc. increased its holdings in ATS Co. (NYSE:ATS) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,450 shares of the company’s stock after purchasing an additional 1,821 shares during the period. Thornburg Investment Management Inc. owned approximately 0.18% of ATS worth $5,471,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ATS. Van ECK Associates Corp lifted its stake in shares of ATS by 55.0% in the fourth quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock worth $33,000 after buying an additional 271 shares during the last quarter. Steph & Co. lifted its position in ATS by 133.6% during the 1st quarter. Steph & Co. now owns 6,215 shares of the company’s stock worth $210,000 after acquiring an additional 3,554 shares during the last quarter. Aigen Investment Management LP bought a new stake in ATS during the fourth quarter valued at about $315,000. Citigroup Inc. boosted its holdings in ATS by 5.4% during the third quarter. Citigroup Inc. now owns 8,193 shares of the company’s stock valued at $351,000 after acquiring an additional 420 shares during the period. Finally, Brown Advisory Inc. grew its position 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ATS Stock Performance

ATS traded down $1.47 on Wednesday, hitting $31.46. 35,039 shares of the stock traded hands, compared to its average volume of 95,630. The business has a fifty day moving average price of $32.29 and a two-hundred day moving average price of $35.36. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.08 billion, a PE ratio of 21.53 and a beta of 1.16. ATS Co. has a 52 week low of $29.78 and a 52 week high of $46.99.

ATS (NYSE:ATS) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $587.12 million for the quarter, compared to analysts’ expectations of $534.08 million. ATS had a return on equity of 15.97% and a net margin of 6.39%. On average, research analysts predict that ATS Co. will post 1.75 EPS 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.