Galibier Capital Management Ltd. Grows Stake in ATS Co. (NYSE:ATS)

Galibier Capital Management Ltd. grew its position in ATS Co. (NYSE:ATS) by 19.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,830 shares of the company’s stock after acquiring an additional 22,000 shares during the quarter. ATS comprises about 0.9% of Galibier Capital Management Ltd.’s portfolio, making the stock its 18th largest position. Galibier Capital Management Ltd. owned 0.14% of ATS worth $3,858,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of ATS by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,883,886 shares of the company’s stock valued at $124,209,000 after purchasing an additional 31,185 shares during the period. Swiss National Bank lifted its stake in shares of ATS by 0.5% during the 1st quarter. Swiss National Bank now owns 167,400 shares of the company’s stock worth $5,631,000 after purchasing an additional 900 shares during the last quarter. Roubaix Capital LLC bought a new position in ATS in the first quarter worth about $806,000. Thornburg Investment Management Inc. grew its position in shares of ATS by 1.0% in the 1st quarter. Thornburg Investment Management Inc. now owns 178,450 shares of the company’s stock worth $5,471,000 after buying an additional 1,821 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in ATS by 37.7% in the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock valued at $140,000 after acquiring an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Trading Down 0.4 %

Shares of ATS stock traded down $0.12 during mid-day trading on Wednesday, hitting $29.71. The stock had a trading volume of 1 shares, compared to its average volume of 107,560. The firm has a market cap of $2.91 billion, a P/E ratio of 22.10 and a beta of 1.17. The company has a quick ratio of 1.51, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. ATS Co. has a 12-month low of $24.82 and a 12-month high of $44.70. The firm has a 50-day moving average of $28.49 and a two-hundred day moving average of $30.40.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). ATS had a net margin of 6.11% and a return on equity of 14.63%. The company had revenue of $507.43 million during the quarter, compared to analysts’ expectations of $502.41 million. Sell-side analysts forecast that ATS Co. will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

ATS has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. dropped 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.00.

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.