ATS (NYSE:ATS) Stock Price Up 7.5% – Here’s What Happened

ATS Co. (NYSE:ATS)’s share price was up 7.5% during trading on Wednesday . The company traded as high as $28.79 and last traded at $28.67. Approximately 22,495 shares traded hands during trading, a decline of 82% from the average daily volume of 127,192 shares. The stock had previously closed at $26.67.

ATS Trading Up 8.6 %

The stock has a market cap of $2.84 billion, a PE ratio of 30.04 and a beta of 1.13. The business has a 50-day moving average of $29.55 and a 200 day moving average of $29.07. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.71 and a current ratio of 2.08.

ATS (NYSE:ATS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. ATS had a return on equity of 12.10% and a net margin of 4.56%. Equities research analysts predict that ATS Co. will post 1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On ATS

Hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in ATS by 94.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the company’s stock worth $54,000 after acquiring an additional 860 shares in the last quarter. Van ECK Associates Corp raised its position in shares of ATS by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,230 shares of the company’s stock valued at $132,000 after purchasing an additional 936 shares in the last quarter. Procyon Advisors LLC acquired a new position in shares of ATS in the 4th quarter valued at approximately $293,000. abrdn plc raised its position in shares of ATS by 38.5% in the 4th quarter. abrdn plc now owns 13,267 shares of the company’s stock valued at $401,000 after purchasing an additional 3,685 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of ATS by 125.0% in the 3rd quarter. Franklin Resources Inc. now owns 14,132 shares of the company’s stock valued at $431,000 after purchasing an additional 7,850 shares in the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

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.