Toroso Investments LLC Sells 11,064 Shares of Atlas Corp. (NYSE:ATCO)

Toroso Investments LLC lowered its stake in Atlas Corp. (NYSE:ATCO – Get Rating) by 11.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 86,208 shares of the company’s stock after selling 11,064 shares during the period. Toroso Investments LLC’s holdings in Atlas were worth $1,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ATCO. Capital Research Global Investors boosted its position in shares of Atlas by 27.2% during the first quarter. Capital Research Global Investors now owns 10,609,768 shares of the company’s stock worth $155,751,000 after buying an additional 2,266,500 shares during the period. TIG Advisors LLC acquired a new position in Atlas during the 3rd quarter worth approximately $49,254,000. BlackRock Inc. grew its stake in shares of Atlas by 80.4% during the 3rd quarter. BlackRock Inc. now owns 3,102,753 shares of the company’s stock worth $43,128,000 after acquiring an additional 1,383,282 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Atlas by 9.0% in the second quarter. Bank of Montreal Can now owns 2,616,854 shares of the company’s stock valued at $29,964,000 after purchasing an additional 215,125 shares during the last quarter. Finally, MMCAP International Inc. SPC bought a new stake in shares of Atlas in the third quarter worth $32,827,000. Institutional investors and hedge funds own 68.75% of the company’s stock.

Atlas Stock Performance

Shares of ATCO opened at $15.40 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 0.90. Atlas Corp. has a 12 month low of $10.13 and a 12 month high of $15.63. The firm has a fifty day simple moving average of $15.26 and a 200 day simple moving average of $15.05. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 2.51 and a beta of 0.97.

Atlas (NYSE:ATCO – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.09). The business had revenue of $436.40 million for the quarter, compared to analyst estimates of $443.93 million. Atlas had a return on equity of 12.37% and a net margin of 36.66%. Research analysts forecast that Atlas Corp. will post 1.54 EPS for the current fiscal year.

Atlas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Monday, March 20th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, March 17th. Atlas’s dividend payout ratio (DPR) is 25.51%.

Atlas Profile

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Atlas Corp. operates as a global asset manager that owns and operates the businesses in which it invests. It focuses on deploying capital across multiple verticals to create growth opportunities for its shareholders. The firm operates through two subsidiaries, Seaspan and APR. Seaspan is an independent charter owner and operator of containerships and APR provides mobile power solutions.