ATS Co. (NYSE:ATS) Sees Significant Increase in Short Interest

ATS Co. (NYSE:ATS) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 3,130,000 shares, an increase of 9.8% from the October 15th total of 2,850,000 shares. Based on an average daily trading volume, of 143,600 shares, the days-to-cover ratio is currently 21.8 days. Currently, 3.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

ATS has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. The Goldman Sachs Group reduced their price objective on shares of ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Tuesday, August 13th.

ATS Stock Performance

Shares of ATS stock opened at $28.96 on Tuesday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 29.31 and a beta of 1.05. ATS has a 52-week low of $24.82 and a 52-week high of $44.70. The company has a quick ratio of 1.71, a current ratio of 2.08 and a debt-to-equity ratio of 1.00. The company’s 50 day moving average is $29.25 and its 200 day moving average is $30.18.

Institutional Investors Weigh In On ATS

Several institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of ATS by 91.5% during the second quarter. Van ECK Associates Corp now owns 3,294 shares of the company’s stock worth $106,000 after buying an additional 1,574 shares during the period. Bessemer Group Inc. lifted its stake in shares of ATS by 37.7% during the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock worth $140,000 after buying an additional 1,140 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of ATS during the second quarter worth $286,000. Dynasty Wealth Management LLC acquired a new stake in shares of ATS during the first quarter worth $337,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ATS by 4.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock worth $565,000 after buying an additional 804 shares during the period. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Company 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.