ATS Corp
ATS

$28.91

0.63%

Market Cap: $2.81B

About: ATS Corp is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company's products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support. The company's clients come from the life sciences, food and beverage transportation, consumer products and electronics, and energy sectors. The company generates the majority of its sales from the North American and European markets.

Employees: 7,000

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

51% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 39

6.67% more ownership

Funds ownership: 76.56% [Q1] → 83.23% (+6.67%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

1% less funds holding

Funds holding: 133 [Q1] → 132 (-1) [Q2]

4% less capital invested

Capital invested by funds: $2.75B [Q1] → $2.65B (-$104M) [Q2]

5% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 21

59% less call options, than puts

Call options by funds: $1.41M | Put options by funds: $3.47M

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$30

4%

upside

Avg. target

$31

5%

upside

High target

$31

7%

upside

2 analyst ratings

0 positive

0%

1 neutral

50%

1 negative

50%

Goldman Sachs Joe Ritchie 77% 1-year accuracy 17 / 22 met price target	4%upside $30	Sell Maintained	13 Aug 2024
JP Morgan Stephen Tusa 68% 1-year accuracy 17 / 25 met price target	7%upside $31	Neutral Maintained	13 Aug 2024

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Financial journalist opinion

Based on 3 articles about ATS published over the past 30 days

Zacks Investment Research

New Strong Sell Stocks for September 13th

ATS, BMTX and B have been added to the Zacks Rank #5 (Strong Sell) List on September 13, 2024.

New Strong Sell Stocks for September 13th

ATS to Participate in the Morgan Stanley 12th Annual Laguna Conference

CAMBRIDGE, Ontario--(BUSINESS WIRE)--ATS Corporation (TSX: ATS) (NYSE: ATS) (“ATS” or the “Company”) today announced that Andrew Hider, Chief Executive Officer and Ryan McLeod, Chief Financial Officer will participate in the Morgan Stanley 12th Annual Laguna Conference in Dana Point, CA on September 11, 2024. Management will host institutional investor meetings at the Conference, which can be arranged by contacting your Morgan Stanley representative or dgalison@atsautomation.com. About ATS Corp.

ATS to Participate in the Morgan Stanley 12th Annual Laguna Conference

ATS Completes Acquisition of Heidolph

CAMBRIDGE, Ontario--(BUSINESS WIRE)--ATS Corporation (TSX: ATS) (NYSE: ATS) (“ATS” or the “Company”) today announced the successful completion of its acquisition of all material assets from Heidolph Instruments GmbH & Co. KG and Hans Heidolph GmbH (together “Heidolph”), a leading manufacturer of premium lab equipment for the life sciences and pharmaceutical industries. ATS entered into a definitive agreement and announced its intention to acquire Heidolph on August 7, 2024. About ATS Corpor.

ATS Completes Acquisition of Heidolph

ATS Announces Closing of $400 Million Senior Notes Offering

CAMBRIDGE, Ontario--(BUSINESS WIRE)--ATS Corporation (TSX: ATS) (NYSE: ATS) (“ATS” or the “Company”) confirmed today that it has successfully closed its previously announced private placement offering (the “Offering”) of C$400 million aggregate principal amount of 6.50% senior unsecured notes due August 21, 2032 (the “Notes”). As previously stated, the Company intends to use the net proceeds of the Offering to pay outstanding amounts owed under the revolving line of credit available under its s.

ATS Announces Closing of $400 Million Senior Notes Offering

ATS to Participate in the 2024 RBC Capital Markets Global Industrials Conference

CAMBRIDGE, Ontario--(BUSINESS WIRE)--ATS Corporation (TSX: ATS) (NYSE: ATS) (“ATS” or the “Company”) today announced that Andrew Hider, Chief Executive Officer and Ryan McLeod, Chief Financial Officer will participate in the 2024 RBC Capital Markets Global Industrials Conference in Las Vegas, NV on September 24, 2024. ATS is scheduled to host a break-out session at the event on Tuesday, September 24, 2024, at 10:00 a.m. PT. Management will also host institutional investor meetings at the Confer.

ATS to Participate in the 2024 RBC Capital Markets Global Industrials Conference

ATS to Participate in the Jefferies Industrials Conference

CAMBRIDGE, Ontario--(BUSINESS WIRE)--ATS Corporation (TSX: ATS) (NYSE: ATS) (“ATS” or the “Company”) today announced that Andrew Hider, Chief Executive Officer and Ryan McLeod, Chief Financial Officer will participate in the Jefferies Industrials Conference in New York City, NY on September 5, 2024. ATS is scheduled to host a fireside chat at the event at 2:30 p.m. (ET). A webcast link of the live event will be available on the Investor Relations site at https://investors.atsautomation.com/ in.

ATS to Participate in the Jefferies Industrials Conference

ATS Corporation: This High-Quality Compounder Is A Bargain At 16x Earnings

ATS Corporation is a play on automation growth in manufacturing with exposure to electric vehicle battery outsourcing. The stock is down ~40% from its peak, but has potential for over 50% upside in a couple of years. Recent earnings show a slight EPS miss, but strong order bookings and backlog growth in non-transportation segments.

ATS Corporation: This High-Quality Compounder Is A Bargain At 16x Earnings

ATS Announces Pricing of Upsized $400 Million Senior Unsecured Notes Offering

CAMBRIDGE, Ontario--(BUSINESS WIRE)--ATS Corporation (TSX and NYSE: ATS) (“ATS” or the “Company”) announced today that it has entered into an underwriting agreement to sell, pursuant to a private placement offering (the “Offering”), C$400 million aggregate principal amount of 6.50% senior unsecured notes due 2032 (the “Notes”), which aggregate principal amount of Notes was upsized from the initial deal size of C$300 million. The Notes will be issued at a price of C$1,000 per C$1,000 principal a.

ATS Announces Pricing of Upsized $400 Million Senior Unsecured Notes Offering

ATS Corporation: Near Record Bookings In Q3 (Rating Upgrade)

ATS Corporation is a developer of automation technology with global operations and $3 billion in annual sales. Recent results showed a decline in revenue but strong performance in life sciences, with a record backlog of $990 million. Despite short-term challenges, ATS's strategic investments in life sciences and attractive valuation make it a compelling investment opportunity.

ATS Corporation: Near Record Bookings In Q3 (Rating Upgrade)

ATS Announces Election Of Directors

CAMBRIDGE, Ontario--(BUSINESS WIRE)--ATS Corporation (TSX: ATS) (NYSE: ATS) (“ATS” or the “Company”) today announced that all of the nominee directors listed in the management information circular dated June 17, 2024 were elected as directors of ATS. The vote was conducted electronically at the virtual Annual Meeting of Shareholders, which took place on August 9, 2024 (“Annual Meeting”). The voting results based on votes cast by shareholders present online or represented by proxy at the Annual.

ATS Announces Election Of Directors

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