ATS Co. (NYSE:ATS) Short Interest Up 10.2% in November

ATS Co. (NYSE:ATS) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,450,000 shares, a growth of 10.2% from the October 31st total of 3,130,000 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average daily volume of 156,200 shares, the days-to-cover ratio is presently 22.1 days.

Analyst Ratings Changes

Several analysts recently issued reports on ATS shares. JPMorgan Chase & Co. cut their target price on ATS from $36.00 to $31.00 and set a “neutral” rating for the company in a research 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 Price Performance

Shares of ATS stock traded up $0.32 during trading hours on Wednesday, reaching $32.11. The company’s stock had a trading volume of 54,811 shares, compared to its average volume of 113,035. The firm has a 50 day moving average price of $30.10 and a 200-day moving average price of $29.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.08 and a quick ratio of 1.71. The stock has a market cap of $3.14 billion, a P/E ratio of 33.23 and a beta of 1.15. ATS has a one year low of $24.82 and a one year high of $44.70.

Hedge Funds Weigh In On ATS

A number of hedge funds have recently added to or reduced their stakes in ATS. Van ECK Associates Corp grew 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 acquiring an additional 1,574 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in ATS in the 2nd quarter worth approximately $286,000. Franklin Resources Inc. grew its position in ATS by 125.0% during the 3rd quarter. Franklin Resources Inc. now owns 14,132 shares of the company’s stock worth $431,000 after purchasing an additional 7,850 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ATS by 4.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock valued at $565,000 after purchasing an additional 804 shares in the last quarter. Finally, Barclays PLC purchased a new position in shares of ATS in the third quarter worth $510,000. 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.