Nicola Wealth Management LTD. Takes Position in ATS Co. (NYSE:ATS)

Nicola Wealth Management LTD. purchased a new stake in shares of ATS Co. (NYSE:ATS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 381,100 shares of the company’s stock, valued at approximately $11,071,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in ATS by 135.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company’s stock worth $104,707,000 after purchasing an additional 1,862,912 shares in the last quarter. Capital International Investors raised its holdings in ATS by 18.9% in the 1st quarter. Capital International Investors now owns 8,336,811 shares of the company’s stock worth $280,530,000 after purchasing an additional 1,325,247 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings in ATS by 34.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 3,560,512 shares of the company’s stock worth $119,863,000 after purchasing an additional 909,149 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of ATS in the 2nd quarter worth about $11,602,000. Finally, Principal Financial Group Inc. increased its stake in shares of ATS by 77.8% in the 2nd quarter. Principal Financial Group Inc. now owns 639,540 shares of the company’s stock worth $20,691,000 after acquiring an additional 279,880 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ATS shares. The Goldman Sachs Group decreased their price target on shares of ATS from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Tuesday, August 13th. JPMorgan Chase & Co. cut their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th.

ATS Stock Performance

Shares of NYSE:ATS traded down $0.36 during trading on Thursday, hitting $28.99. The company’s stock had a trading volume of 70,876 shares, compared to its average volume of 110,790. ATS Co. has a 12 month low of $24.82 and a 12 month high of $44.70. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 30.20 and a beta of 1.05. The company has a 50-day moving average of $29.13 and a 200-day moving average of $30.25. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.08 and a quick ratio of 1.71.

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.