ATS (NYSE:ATS – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02), reports. The company had revenue of $548.46 million during the quarter, compared to analyst estimates of $527.52 million. ATS had a net margin of 5.48% and a return on equity of 19.25%.
ATS Stock Performance
Shares of NYSE:ATS opened at $37.04 on Friday. ATS has a 52-week low of $30.90 and a 52-week high of $48.89. The firm has a market capitalization of $3.66 billion and a P/E ratio of 30.11. The company has a quick ratio of 1.31, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average is $39.62.
Institutional Investors Weigh In On ATS
Several hedge funds have recently modified their holdings of the company. Capital International Investors acquired a new position in ATS in the 2nd quarter valued at approximately $271,733,000. Capital World Investors acquired a new stake in shares of ATS in the second quarter valued at about $189,096,000. Clearbridge Investments LLC bought a new position in shares of ATS during the second quarter worth about $76,087,000. Mackenzie Financial Corp raised its position in shares of ATS by 38.1% during the third quarter. Mackenzie Financial Corp now owns 1,617,505 shares of the company’s stock worth $64,684,000 after acquiring an additional 446,568 shares during the last quarter. Finally, ACK Asset Management LLC lifted its stake in shares of ATS by 13.6% in the second quarter. ACK Asset Management LLC now owns 1,221,341 shares of the company’s stock worth $56,292,000 after acquiring an additional 146,341 shares during the period. Institutional investors and hedge funds own 75.13% of the company’s stock.
Wall Street Analyst Weigh In
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.
- Five stocks we like better than ATS
- What Is WallStreetBets and What Stocks Are They Targeting?
- MarketBeat Week in Review – 11/6 – 11/10
- The 3 Best Fintech Stocks to Buy Now
- Data giants MongoDB and Snowflake just got upgraded
- EV Stocks and How to Profit from Them
- Plug Power at tipping point; it’s make or break time for hydrogen
Receive News & Ratings for ATS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATS and related companies with MarketBeat.com's FREE daily email newsletter.