Front Street Capital Management Inc. Increases Stake in ATS Co. (NYSE:ATS)

Front Street Capital Management Inc. lifted its position in shares of ATS Co. (NYSE:ATS) by 20.7% during the fourth quarter, HoldingsChannel reports. The fund owned 280,830 shares of the company’s stock after acquiring an additional 48,245 shares during the quarter. ATS comprises 1.5% of Front Street Capital Management Inc.’s holdings, making the stock its 21st biggest position. Front Street Capital Management Inc.’s holdings in ATS were worth $8,560,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ATS. Mariner LLC boosted its stake in shares of ATS by 8.0% in the fourth quarter. Mariner LLC now owns 9,328 shares of the company’s stock valued at $284,000 after buying an additional 689 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of ATS in the 4th quarter valued at about $4,373,000. Rockefeller Capital Management L.P. lifted its stake in shares of ATS by 13.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 404,823 shares of the company’s stock valued at $12,341,000 after purchasing an additional 49,483 shares during the period. Bank of Montreal Can grew its position in ATS by 3.0% during the fourth quarter. Bank of Montreal Can now owns 962,411 shares of the company’s stock worth $29,314,000 after buying an additional 28,465 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of ATS by 572.0% during the 4th quarter. Russell Investments Group Ltd. now owns 65,458 shares of the company’s stock worth $1,995,000 after acquiring an additional 55,717 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Stock Performance

Shares of ATS stock opened at $24.42 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.92. The stock has a market cap of $2.39 billion, a PE ratio of 36.99 and a beta of 1.10. ATS Co. has a 1 year low of $20.90 and a 1 year high of $35.42. The stock has a fifty day moving average price of $26.76 and a 200 day moving average price of $28.66.

ATS (NYSE:ATS) last posted its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. Sell-side analysts forecast that ATS Co. will post 1.02 earnings per share for the current fiscal year.

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.