Aigen Investment Management LP Acquires 3,381 Shares of ATS Co. (NYSE:ATS)

Aigen Investment Management LP lifted its holdings in shares of ATS Co. (NYSE:ATS) by 19.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,493 shares of the company’s stock after purchasing an additional 3,381 shares during the quarter. Aigen Investment Management LP’s holdings in ATS were worth $595,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in ATS by 135.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company’s stock worth $104,707,000 after acquiring an additional 1,862,912 shares during the period. Capital International Investors increased its position in shares of ATS by 18.9% in the first 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 during the period. EdgePoint Investment Group Inc. raised its stake in ATS by 34.3% in the first quarter. EdgePoint Investment Group Inc. now owns 3,560,512 shares of the company’s stock valued at $119,863,000 after purchasing an additional 909,149 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in ATS during the second quarter worth about $11,602,000. Finally, Principal Financial Group Inc. grew its stake in ATS by 77.8% during the second quarter. Principal Financial Group Inc. now owns 639,540 shares of the company’s stock worth $20,691,000 after buying an additional 279,880 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ATS Stock Up 3.5 %

Shares of NYSE ATS opened at $29.35 on Thursday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 30.57 and a beta of 1.05. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00. ATS Co. has a 12 month low of $24.82 and a 12 month high of $44.70. The stock has a 50-day moving average price of $29.04 and a two-hundred day moving average price of $30.26.

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.