Highland Peak Capital LLC Makes New $5.80 Million Investment in ATS Co. (NYSE:ATS)

Highland Peak Capital LLC acquired a new stake in shares of ATS Co. (NYSE:ATS) during the 3rd quarter, Holdings Channel reports. The fund acquired 199,810 shares of the company’s stock, valued at approximately $5,798,000. ATS accounts for 2.5% of Highland Peak Capital LLC’s portfolio, making the stock its 8th largest holding.

A number of other large investors also recently modified their holdings of ATS. The Manufacturers Life Insurance Company raised its position in shares of ATS by 135.2% during the second quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company’s stock valued at $104,707,000 after buying an additional 1,862,912 shares during the last quarter. Capital International Investors increased its holdings 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 last quarter. EdgePoint Investment Group Inc. grew its stake in shares of 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 buying an additional 909,149 shares in the last quarter. Nicola Wealth Management LTD. bought a new stake in shares of ATS in the 3rd quarter worth about $11,071,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of ATS in the 2nd quarter valued at about $11,602,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Trading Up 0.9 %

ATS opened at $29.60 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.71 and a current ratio of 2.08. The stock’s 50 day moving average price is $29.36 and its 200-day moving average price is $30.13. ATS Co. has a one year low of $24.82 and a one year high of $44.70. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 30.83 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. The Goldman Sachs Group dropped their price objective 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.

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.