ATS (NYSE:ATS) Trading 7.5% Higher – Time to Buy?

ATS Co. (NYSE:ATS) shares rose 7.5% during mid-day trading on Wednesday . The stock 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 Price Performance

The firm’s fifty day moving average price is $29.38 and its 200-day moving average price is $29.02. The stock has a market cap of $2.86 billion, a P/E ratio of 30.43 and a beta of 1.13. The company has a quick ratio of 1.71, a current ratio of 2.08 and a debt-to-equity ratio of 1.00.

ATS (NYSE:ATS) last released its earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. ATS had a return on equity of 12.10% and a net margin of 4.56%. Analysts forecast that ATS Co. will post 1.06 earnings per share for the current year.

Institutional Trading of ATS

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Galibier Capital Management Ltd. lifted its position in ATS by 440.2% in the fourth quarter. Galibier Capital Management Ltd. now owns 717,571 shares of the company’s stock worth $21,873,000 after buying an additional 584,741 shares during the last quarter. Nicola Wealth Management LTD. bought a new position in ATS in the 3rd quarter valued at $11,071,000. Heathbridge Capital Management Ltd. bought a new stake in shares of ATS during the fourth quarter worth $10,024,000. Intact Investment Management Inc. purchased a new stake in shares of ATS during the third quarter valued at $7,777,000. Finally, Highland Peak Capital LLC purchased a new position in ATS in the 3rd quarter worth about $5,798,000. 75.84% of the stock is currently owned by institutional investors.

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.