ATS Co. Experiences Notable Decline in Short Interest

ATS Co. (NYSE:ATS – Get Free Report) has observed a noteworthy reduction in short interest during January 2025. As reported at the end of the month, the total short interest stood at 3,790,000 shares, which marks a decrease of 6.2% from mid-January's figure of 4,040,000 shares. Given the average daily trading volume of 139,500 shares, this results in a days-to-cover ratio of 27.2 days. Currently, approximately 3.9% of the company's shares are shorted.

ATS Stock Slightly Declines

On Thursday, ATS shares began trading at $28.95. The stock has a 50-day moving average of $28.87 and a 200-day moving average of $28.93. Financial metrics indicate a quick ratio of 1.58, a current ratio of 1.92, and a debt-to-equity ratio of 0.97. Over the past year, ATS recorded a low of $24.82 and a high of $39.58. The company's market capitalization is approximately $2.84 billion, with a P/E ratio of 43.86 and a beta of 1.13.

On February 5, 2025, ATS announced its latest earnings report. The company achieved earnings per share (EPS) of $0.23 for the quarter, meeting analysts' expectations. ATS also reported a net profit margin of 3.27% alongside a return on equity of 9.95%. Analysts forecast earnings of $1.02 per share for the current fiscal year.

Institutional Investors Update Holdings in ATS

In recent months, several institutional investors have adjusted their stakes in ATS. Allspring Global Investments Holdings LLC increased its holdings by 1.0%, now owning 362,758 shares valued at $10,537,000 after acquiring an additional 3,661 shares. Galibier Capital Management Ltd. raised its stake by 19.9%, bringing its total to 132,830 shares worth $3,858,000 following a purchase of 22,000 shares. Van ECK Associates Corp grew its position in ATS by 28.4%, owning 4,230 shares valued at $132,000 after acquiring an extra 936 shares. Meanwhile, Intact Investment Management Inc. established a new position worth $7,777,000, and Principal Financial Group Inc. increased its holdings by 3.4%, now owning 661,040 shares valued at $19,201,000 after an additional purchase of 21,500 shares. Institutional investors collectively own 75.84% of ATS stock.

About ATS Co.

ATS Corporation, along with its subsidiaries, provides automation solutions globally. The company specializes in the planning, design, construction, commissioning, and maintenance of automated manufacturing and assembly systems, which include various automation products and testing solutions. Additionally, ATS offers pre-automation services encompassing discovery and analysis, concept development, simulation, and modeling for total cost of ownership. Their post-automation services include training, process optimization, preventative maintenance, emergency support, spare parts management, retooling, retrofitting, and equipment relocation, along with contract manufacturing and after-sales services.

ATS, Short, Investors