ATS Corporation (NYSE:ATS) Stock Holdings Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in shares of ATS Corporation (NYSE:ATS) by 11.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 251,058 shares of the company’s stock after selling 32,800 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ATS were worth $6,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of ATS by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,229,265 shares of the company’s stock valued at $98,486,000 after acquiring an additional 51,365 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of ATS by 1.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,571 shares of the company’s stock worth $2,547,000 after purchasing an additional 1,053 shares during the period. Norges Bank bought a new position in shares of ATS in the 4th quarter worth about $31,295,000. Mariner LLC lifted its position in shares of ATS by 8.0% in the 4th quarter. Mariner LLC now owns 9,328 shares of the company’s stock worth $284,000 after buying an additional 689 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of ATS by 79.3% in the 4th quarter. Bank of America Corp DE now owns 808,052 shares of the company’s stock valued at $24,629,000 after buying an additional 357,322 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Stock Down 0.6%

ATS stock opened at $32.49 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.41 and a current ratio of 1.69. ATS Corporation has a one year low of $20.90 and a one year high of $34.32. The company has a 50-day simple moving average of $28.93 and a 200-day simple moving average of $27.89. The firm has a market capitalization of $3.17 billion, a P/E ratio of -171.00 and a beta of 1.28.

ATS (NYSE:ATS) last posted its earnings results on Wednesday, May 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $503.20 million during the quarter, compared to analyst estimates of $687.03 million. ATS had a negative net margin of 1.00% and a positive return on equity of 8.38%. The firm’s revenue was down 27.5% compared to the same quarter last year. As a group, equities analysts expect that ATS Corporation will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ATS. Wall Street Zen upgraded ATS from a “sell” rating to a “hold” rating in a research note on Saturday. Scotiabank raised ATS to a “hold” rating in a report on Tuesday, April 29th.

About ATS

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.