ATS (ATS)
Market Price (11/4/2026): $18.925 | Market Cap: $1.9 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
ATS (ATS)
Market Price (11/4/2026): $18.925Market Cap: $1.9 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33% Attractive yieldFCF Yield is 11% Low stock price volatilityVol 12M is 49% Megatrend and thematic driversMegatrends include Automation & Robotics, and Electric Vehicles & Autonomous Driving. Themes include Factory Automation, EV Manufacturing, Show more. | Weak multi-year price returns2Y Excs Rtn is -66%, 3Y Excs Rtn is -128% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.49 | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% Weak revenue growthRev Chg QQuarterly Revenue Change % is -5.8% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.1% Key risksATS key risks include [1] challenges in successfully integrating its acquisitions and [2] a high dependency on a limited number of critical suppliers. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33% |
| Attractive yieldFCF Yield is 11% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Electric Vehicles & Autonomous Driving. Themes include Factory Automation, EV Manufacturing, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -66%, 3Y Excs Rtn is -128% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.49 |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -5.8% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.1% |
| Key risksATS key risks include [1] challenges in successfully integrating its acquisitions and [2] a high dependency on a limited number of critical suppliers. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 11/1/2026
ATS (ATS) stock has lost about 30% since 7/31/2026 because of the following key factors:
1. Weak First Quarter Fiscal 2027 Performance: ATS Corporation reported a net loss of $0.3 million for its fiscal Q1 2027, which ended June 28, 2026, a significant decline from a net income of $24.3 million in the prior year's first quarter. Basic loss per share was 0 cents, compared to earnings of 25 cents a year ago. Adjusted basic earnings per share were 35 cents, missing analyst consensus estimates of $0.28 by $0.03. Additionally, revenues for fiscal Q1 2027 decreased 5.8% year-over-year to $693.7 million, falling below both prior year figures and management's own guidance range of C$700 million to C$740 million.
2. Declining Order Bookings and Reduced Order Backlog: The company experienced a 5.3% year-over-year decrease in Order Bookings for fiscal Q1 2027, totaling $656 million. This led to a reduced Order Backlog of $1,889 million at quarter-end, down from $2,068 million in the corresponding period a year ago. The lower Order Backlog contributed to a weaker revenue outlook, as reflected in management's guidance for fiscal Q2 2027, which projected revenues in the range of $660 million to $700 million.
Show more
ATS (ATS) stock has lost about 30% since 7/31/2026 because of the following key factors:
1. Weak First Quarter Fiscal 2027 Performance: ATS Corporation reported a net loss of $0.3 million for its fiscal Q1 2027, which ended June 28, 2026, a significant decline from a net income of $24.3 million in the prior year's first quarter. Basic loss per share was 0 cents, compared to earnings of 25 cents a year ago. Adjusted basic earnings per share were 35 cents, missing analyst consensus estimates of $0.28 by $0.03. Additionally, revenues for fiscal Q1 2027 decreased 5.8% year-over-year to $693.7 million, falling below both prior year figures and management's own guidance range of C$700 million to C$740 million.
2. Declining Order Bookings and Reduced Order Backlog: The company experienced a 5.3% year-over-year decrease in Order Bookings for fiscal Q1 2027, totaling $656 million. This led to a reduced Order Backlog of $1,889 million at quarter-end, down from $2,068 million in the corresponding period a year ago. The lower Order Backlog contributed to a weaker revenue outlook, as reflected in management's guidance for fiscal Q2 2027, which projected revenues in the range of $660 million to $700 million.
Show more
Updated on 11/1/2026
ATS (ATS) stock has lost about 30% since 7/31/2026 because of the following key factors:
1. Weak First Quarter Fiscal 2027 Performance: ATS Corporation reported a net loss of $0.3 million for its fiscal Q1 2027, which ended June 28, 2026, a significant decline from a net income of $24.3 million in the prior year's first quarter. Basic loss per share was 0 cents, compared to earnings of 25 cents a year ago. Adjusted basic earnings per share were 35 cents, missing analyst consensus estimates of $0.28 by $0.03. Additionally, revenues for fiscal Q1 2027 decreased 5.8% year-over-year to $693.7 million, falling below both prior year figures and management's own guidance range of C$700 million to C$740 million.
2. Declining Order Bookings and Reduced Order Backlog: The company experienced a 5.3% year-over-year decrease in Order Bookings for fiscal Q1 2027, totaling $656 million. This led to a reduced Order Backlog of $1,889 million at quarter-end, down from $2,068 million in the corresponding period a year ago. The lower Order Backlog contributed to a weaker revenue outlook, as reflected in management's guidance for fiscal Q2 2027, which projected revenues in the range of $660 million to $700 million.
3. Initiation of Fixed Cost Transformation Program: Concurrent with its disappointing fiscal Q1 2027 results, ATS announced an 18-month Fixed Cost Transformation Program. This program, initiated after a comprehensive portfolio review, aims to improve profitability and capital efficiency by consolidating certain European facilities and transferring select capabilities, with the initial phase expected to reduce annual costs by approximately $20 million. While intended for long-term benefits, the announcement of such a program can signal underlying operational inefficiencies and create short-term uncertainty for investors.
4. Analyst Downgrades and Price Target Reductions: Following the fiscal Q1 2027 earnings report, several analysts lowered their price targets for ATS Corporation. For instance, Stifel Nicolaus reduced its price objective from C$52.00 to C$44.00, and Desjardins lowered its target from C$52.00 to C$46.00, though both maintained "buy" ratings. Goldman Sachs also lowered its price target to $20 from $23, and Wall Street Zen downgraded the stock from a "buy" to a "hold" rating in July 2026. These revisions by the investment community contributed to a less favorable outlook for the stock.
Show less
ATS (ATS) stock has lost about 30% since 7/31/2026 because of the following key factors:
1. Weak First Quarter Fiscal 2027 Performance: ATS Corporation reported a net loss of $0.3 million for its fiscal Q1 2027, which ended June 28, 2026, a significant decline from a net income of $24.3 million in the prior year's first quarter. Basic loss per share was 0 cents, compared to earnings of 25 cents a year ago. Adjusted basic earnings per share were 35 cents, missing analyst consensus estimates of $0.28 by $0.03. Additionally, revenues for fiscal Q1 2027 decreased 5.8% year-over-year to $693.7 million, falling below both prior year figures and management's own guidance range of C$700 million to C$740 million.
2. Declining Order Bookings and Reduced Order Backlog: The company experienced a 5.3% year-over-year decrease in Order Bookings for fiscal Q1 2027, totaling $656 million. This led to a reduced Order Backlog of $1,889 million at quarter-end, down from $2,068 million in the corresponding period a year ago. The lower Order Backlog contributed to a weaker revenue outlook, as reflected in management's guidance for fiscal Q2 2027, which projected revenues in the range of $660 million to $700 million.
3. Initiation of Fixed Cost Transformation Program: Concurrent with its disappointing fiscal Q1 2027 results, ATS announced an 18-month Fixed Cost Transformation Program. This program, initiated after a comprehensive portfolio review, aims to improve profitability and capital efficiency by consolidating certain European facilities and transferring select capabilities, with the initial phase expected to reduce annual costs by approximately $20 million. While intended for long-term benefits, the announcement of such a program can signal underlying operational inefficiencies and create short-term uncertainty for investors.
4. Analyst Downgrades and Price Target Reductions: Following the fiscal Q1 2027 earnings report, several analysts lowered their price targets for ATS Corporation. For instance, Stifel Nicolaus reduced its price objective from C$52.00 to C$44.00, and Desjardins lowered its target from C$52.00 to C$46.00, though both maintained "buy" ratings. Goldman Sachs also lowered its price target to $20 from $23, and Wall Street Zen downgraded the stock from a "buy" to a "hold" rating in July 2026. These revisions by the investment community contributed to a less favorable outlook for the stock.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -30.4% change in ATS stock from 7/31/2026 to 11/3/2026 was primarily driven by a -33.1% change in the company's Net Income Margin (%).| (LTM values as of) | 7312026 | 11032026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.24 | 18.96 | -30.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,973 | 2,930 | -1.4% |
| Net Income Margin (%) | 2.4% | 1.6% | -33.1% |
| P/E Multiple | 37.3 | 39.4 | 5.7% |
| Shares Outstanding (Mil) | 98 | 98 | 0.0% |
| Cumulative Contribution | -30.4% |
Market Drivers
7/31/2026 to 11/3/2026| Return | Correlation | |
|---|---|---|
| ATS | -30.4% | |
| Market (SPY) | 1.0% | 23.7% |
| Sector (XLI) | -4.7% | 35.8% |
Fundamental Drivers
The -41.6% change in ATS stock from 4/30/2026 to 11/3/2026 was primarily driven by a -76.6% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11032026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.45 | 18.96 | -41.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,800 | 2,930 | 4.6% |
| Net Income Margin (%) | 0.7% | 1.6% | 138.9% |
| P/E Multiple | 168.5 | 39.4 | -76.6% |
| Shares Outstanding (Mil) | 98 | 98 | -0.1% |
| Cumulative Contribution | -41.6% |
Market Drivers
4/30/2026 to 11/3/2026| Return | Correlation | |
|---|---|---|
| ATS | -41.6% | |
| Market (SPY) | 5.2% | 28.5% |
| Sector (XLI) | -1.6% | 35.0% |
Fundamental Drivers
The -31.0% change in ATS stock from 10/31/2025 to 11/3/2026 was primarily driven by a -39.0% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11032026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.46 | 18.96 | -31.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,576 | 2,930 | 13.8% |
| P/S Multiple | 1.0 | 0.6 | -39.0% |
| Shares Outstanding (Mil) | 98 | 98 | -0.5% |
| Cumulative Contribution | -31.0% |
Market Drivers
10/31/2025 to 11/3/2026| Return | Correlation | |
|---|---|---|
| ATS | -31.0% | |
| Market (SPY) | 11.5% | 39.6% |
| Sector (XLI) | 11.4% | 47.1% |
Fundamental Drivers
The -43.8% change in ATS stock from 10/31/2023 to 11/3/2026 was primarily driven by a -67.7% change in the company's Net Income Margin (%).| (LTM values as of) | 10312023 | 11032026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.71 | 18.96 | -43.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,720 | 2,930 | 7.7% |
| Net Income Margin (%) | 5.0% | 1.6% | -67.7% |
| P/E Multiple | 23.4 | 39.4 | 68.1% |
| Shares Outstanding (Mil) | 94 | 98 | -3.8% |
| Cumulative Contribution | -43.8% |
Market Drivers
10/31/2023 to 11/3/2026| Return | Correlation | |
|---|---|---|
| ATS | -43.8% | |
| Market (SPY) | 86.6% | 49.5% |
| Sector (XLI) | 81.1% | 51.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATS Return | 128% | -22% | 39% | -29% | -10% | -31% | 9% |
| Peers Return | -7% | -29% | 40% | 99% | 3% | 15% | 118% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| ATS Win Rate | 75% | 42% | 58% | 33% | 50% | 45% | |
| Peers Win Rate | 46% | 37% | 56% | 52% | 56% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| ATS Max Drawdown | -17% | -42% | -32% | -43% | -31% | -51% | |
| Peers Max Drawdown | -33% | -45% | -31% | -31% | -43% | -45% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GGG, GHM, MFP, OPTT, PH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/3/2026 (YTD)
How Low Can It Go
| Event | ATS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.4% | -18.8% |
| % Gain to Breakeven | 37.7% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -18.2% | -7.8% |
| % Gain to Breakeven | 22.2% | 8.5% |
| Time to Breakeven | 105 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -38.9% | -24.5% |
| % Gain to Breakeven | 63.6% | 32.4% |
| Time to Breakeven | 254 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.4% | -33.7% |
| % Gain to Breakeven | 45.8% | 50.9% |
| Time to Breakeven | 34 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -46.4% | -19.2% |
| % Gain to Breakeven | 86.5% | 23.8% |
| Time to Breakeven | 748 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -15.7% | -3.7% |
| % Gain to Breakeven | 18.6% | 3.9% |
| Time to Breakeven | 24 days | 6 days |
In The Past
ATS's stock fell -27.4% during the 2025 US Tariff Shock. Such a loss loss requires a 37.7% gain to breakeven.
Preserve Wealth
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| Event | ATS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.4% | -18.8% |
| % Gain to Breakeven | 37.7% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -38.9% | -24.5% |
| % Gain to Breakeven | 63.6% | 32.4% |
| Time to Breakeven | 254 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.4% | -33.7% |
| % Gain to Breakeven | 45.8% | 50.9% |
| Time to Breakeven | 34 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -46.4% | -19.2% |
| % Gain to Breakeven | 86.5% | 23.8% |
| Time to Breakeven | 748 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -43.4% | -12.2% |
| % Gain to Breakeven | 76.7% | 13.9% |
| Time to Breakeven | 532 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -51.0% | -6.8% |
| % Gain to Breakeven | 104.0% | 7.3% |
| Time to Breakeven | 657 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -34.7% | -17.9% |
| % Gain to Breakeven | 53.2% | 21.8% |
| Time to Breakeven | 164 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -24.9% | -15.4% |
| % Gain to Breakeven | 33.2% | 18.2% |
| Time to Breakeven | 212 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -57.3% | -53.4% |
| % Gain to Breakeven | 133.9% | 114.4% |
| Time to Breakeven | 219 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -36.6% | -8.6% |
| % Gain to Breakeven | 57.8% | 9.5% |
| Time to Breakeven | 1415 days | 47 days |
In The Past
ATS's stock fell -27.4% during the 2025 US Tariff Shock. Such a loss loss requires a 37.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ATS (ATS)
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ATS Corporation specializes in providing comprehensive automation solutions to manufacturers worldwide. The company is involved across the entire lifecycle of automated systems, from the initial planning, design, and building stages to commissioning and ongoing servicing of manufacturing and assembly systems. Essentially, ATS helps businesses automate their production processes to enhance efficiency and quality.
Their services encompass pre-automation activities such as concept development and simulation, core automation services including engineering design, equipment build, software development, and integration of standard automation platforms. ATS also offers extensive post-automation support like training, preventative maintenance, emergency support, and process optimization. Additionally, they provide contract manufacturing, supply chain management, and advanced digital solutions, including connected factory floor management systems that leverage real-time data to drive operational improvements and prevent downtime.
ATS Corporation serves a broad and diverse client base across numerous industries. Their primary customers operate in critical sectors such as life sciences, transportation and mobility, consumer products, food and beverage, electronics, nuclear, packaging, warehousing and distribution, and energy markets.
```AI Analysis | Feedback
Here are 1-2 brief analogies for ATS Corporation:
- The Accenture for industrial automation. (ATS provides comprehensive, end-to-end automation solutions and services, from planning and design to build, commissioning, and post-automation support, including digital factory solutions, for a wide range of global industries, much like Accenture offers broad consulting and technology services to businesses.)
- A 'full-stack' systems integrator for automated factories, similar to how Rockwell Automation provides industrial control products, but ATS designs, builds, and maintains complete bespoke automation lines and digital factory management systems. (ATS goes beyond selling automation products; they are a comprehensive partner that designs, builds, integrates, and services entire custom-engineered automation systems and digital solutions for manufacturing across diverse markets.)
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- Automated Manufacturing and Assembly Systems: ATS designs, builds, commissions, and services custom automated systems for various manufacturing and assembly processes.
- Standard Automation Products and Test Solutions: The company offers specialized automation products, platforms, and testing solutions to support automated systems.
- Pre-Automation Services: These services include discovery and analysis, concept development, simulation, and total cost of ownership modeling to plan automation projects.
- Post-Automation and Support Services: ATS provides comprehensive support such as training, process optimization, preventative maintenance, emergency support, spare parts, and equipment relocation.
- Contract Manufacturing Services: The company offers manufacturing services to produce goods or components for clients.
- Software and Digital Solutions: ATS develops connected factory floor management systems that capture and analyze real-time machine performance data to drive operational efficiency.
- Engineering and Integration Services: This category includes engineering design, prototyping, process verification, software development, equipment integration, and project documentation.
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ATS Corporation sells primarily to other companies (B2B). While specific major customer company names are not publicly disclosed by ATS Corporation, its customer base spans a diverse range of industries, representing its major customer segments. These include:
- Life sciences
- Transportation and mobility
- Consumer products
- Food and beverage
- Electronics
- Nuclear
- Packaging
- Warehousing and distribution
- Energy markets
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Doug Wright, Chief Executive Officer
Mr. Wright joined ATS as Chief Executive Officer in January 2026. Before ATS, he served as CEO of Indicor, a diversified industrial solutions company. Prior to this, he was the President and CEO, Building Technologies, at Honeywell International, and also served as President and CEO of Source Photonics. He has held numerous leadership roles with United Technologies Corporation (now Raytheon Technologies) and Ingersoll Rand, with a track record of delivering organic growth, margin expansion, and growth through strategic, value-accretive acquisitions.
Anne Cybulski, Interim Chief Financial Officer
Ms. Cybulski was appointed as Interim Chief Financial Officer in 2026, having served as VP, Corporate Controller since 2022. She joined ATS in 2009 and has held progressive finance operations and business partnering positions across several groups within the company. Before joining ATS, Ms. Cybulski spent nine years with Ernst & Young LLP.
Gordon Raman, Chief Legal Officer
Mr. Raman joined ATS in 2024 as Chief Legal Officer, where he oversees the company's legal, compliance, and risk functions globally. Prior to joining ATS, Mr. Raman was a partner with Fasken Martineau DuMoulin LLP, specializing in mergers and acquisitions, corporate governance, and capital markets.
Jeff Adamson, Chief Information Officer
Mr. Adamson is the Chief Information Officer of ATS Corporation, having joined the company in 2023. He is responsible for planning and managing the company's IT activities. Before ATS, Mr. Adamson worked with Sanmina Corporation, overseeing the delivery of global IT services.
Miroslav “Miro” Kafedzhiev, President, Industrial Automation
Mr. Kafedzhiev is the President of ATS Industrial Automation, having joined ATS in 2024. He brings strong commercial leadership experience, having spent over 20 years with Honeywell in various roles of increasing responsibility, culminating as Vice-President and General Manager of Honeywell Intelligrated.
AI Analysis | Feedback
The key risks to ATS Corporation's business include financial health and solvency concerns, exposure to economic cycles and market dependence, and operational risks coupled with competitive pressures.
- Financial Health and Solvency Concerns: ATS Corporation faces significant financial health challenges, including an Altman Z-Score of 1.8, which places it in the distress zone and implies a potential risk of bankruptcy within the next two years. The company has also exhibited profitability challenges, evidenced by a negative EPS, a low net margin, and a significant reliance on debt financing with a debt-to-equity ratio of 0.89. Additionally, its return on invested capital (ROIC) is lower than its weighted average cost of capital (WACC), indicating potential inefficiencies in capital utilization.
- Exposure to Economic Cycles and Market Dependence: The company's business is vulnerable to market fluctuations due to its reliance on specific industries such as automotive and life sciences. The cyclical nature of the Industrials sector, coupled with general economic uncertainty, can significantly affect client budgets and their investment in automation solutions. Recent declines in transportation revenues, particularly related to shifting customer investment trends in North American electric vehicle production and a disagreement with an EV customer, underscore this market dependency.
- Operational Risks and Competitive Pressures: ATS Corporation is exposed to global supply chain challenges that can impact the availability of critical components for its automation systems. The rapid pace of technological advancements in the automation industry necessitates continuous investment in research and development to prevent technological obsolescence and maintain competitiveness. The company also operates in a highly competitive market, facing pressure from both large multinational corporations and specialized automation providers, which can affect pricing, margins, and market share. Furthermore, with extensive international operations, ATS is subject to foreign exchange risks due to currency fluctuations.
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The clear emerging threat for ATS Corporation is the rise of Automation as a Service (AaaS). This model shifts the acquisition of complex industrial automation from a capital-intensive, custom-built project approach (ATS's core business) to an operational expenditure, subscription-based service. Under an AaaS model, clients would pay a recurring fee for automated processes or outcomes, with the provider responsible for all aspects of hardware, software, integration, maintenance, and upgrades.
This paradigm shift threatens ATS's traditional business model in several ways: it democratizes access to automation by reducing upfront costs for customers, allows for faster deployment and scalability through standardized modular systems, and incentivizes providers to offer continuous optimization and technological updates. While elements like Robotics as a Service (RaaS) are already established in niche areas such as warehousing, the expansion of AaaS to encompass broader manufacturing and assembly systems could enable new, agile competitors (potentially software-first companies or cloud providers) to offer more flexible, outcome-oriented solutions, directly challenging the value proposition of traditional automation system integrators like ATS.
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ATS Corporation operates in several significant and expanding addressable markets globally, providing automation solutions, systems, and services across diverse industries. The market sizes for its main products and services are outlined below:
- Global Industrial Automation Market: The global industrial automation market was valued at approximately USD 192.02 billion in 2024 and is projected to reach USD 420.49 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 9.1% from 2025 to 2033. Other estimates place the market size at USD 238.37 billion in 2026, climbing to USD 343.14 billion by 2031 at a 7.55% CAGR. Another report indicates a market size of USD 272.51 billion in 2025, expected to reach USD 632.12 billion by 2034 with a CAGR of 9.80% from 2026 to 2034. This market encompasses automation solutions and automated manufacturing and assembly systems.
- Global Industrial Automation Services Market: This market was estimated at USD 175.38 billion in 2024 and is expected to grow to USD 321.78 billion by 2030, exhibiting a CAGR of 10.8% from 2025 to 2030. Another source reports the market size at USD 233.5 billion in 2024, projected to reach USD 459.5 billion by 2033 with a CAGR of 7.42% from 2025 to 2033. These figures include project engineering, installation, maintenance, support, and consulting services.
- Global Manufacturing Automation Market: The global manufacturing automation market was valued at approximately USD 13.26 billion in 2023 and is predicted to grow to around USD 36.98 billion by 2033, with a CAGR of 10.80% between 2023 and 2033. Another report estimates the market at USD 14.85 billion in 2025, reaching USD 34.28 billion by 2034 at a CAGR of 9.74%. This market directly addresses automated manufacturing and assembly systems.
- Global Engineering Design Service Market: This market was valued at around USD 45 billion in 2023 and is projected to reach approximately USD 85 billion by 2032, growing at a CAGR of 7%. A broader "global engineering services market" was valued at USD 2.34 trillion in 2025 and is projected to grow to USD 5.37 trillion by 2034, with manufacturing engineering holding a dominant share.
- Global Manufacturing Operations Management (MOM) Software / Software for Smart Manufacturing Market: The global manufacturing operations management software market was estimated at USD 17.46 billion in 2024 and is projected to reach USD 76.71 billion by 2033, growing at a CAGR of 19.1% from 2025 to 2033. The global software for smart manufacturing market size was valued at USD 139.52 billion in 2025 and is projected to grow to USD 438.73 billion by 2034, exhibiting a CAGR of 13.63%.
- Global Automation as a Service (AaaS) Market: The global AaaS market size was valued at USD 197.4 billion in 2025 and is projected to grow to USD 502.35 billion by 2034, exhibiting a CAGR of 10.94%.
For specific industries ATS Corporation serves:
- Industrial Automation in Life Sciences Market (Global): This market was valued at approximately USD 5.7 billion in 2023 and is projected to reach USD 12.8 billion by 2032, growing at a CAGR of 9.2% during the forecast period. Another estimate for the industrial automation market in the life sciences industry projects it to increase by USD 3.66 billion, at a CAGR of 8.7% from 2024 to 2029.
- Industrial Automation in Food and Beverage Market (Global): As of 2023, the global market size for industrial automation in the food and beverage industry is estimated at USD 20 billion, with projections indicating it could rise to approximately USD 35.6 billion by 2032, reflecting a robust CAGR of 6.5%.
- Packaging Automation Market (Global): The global packaging automation market size was valued at USD 86.26 billion in 2025 and is predicted to increase to approximately USD 181.26 billion by 2035, representing a CAGR of 7.71% from 2026 to 2035. Another report values it at USD 15,316.7 million in 2024, expecting it to climb to USD 34,156.2 million by 2035 with a CAGR of 7.6%.
- Energy & Utilities Industrial Automation and Control Systems Market (Global): This market was valued at US$ 16,610.0 million (USD 16.61 billion) in 2025 and is estimated to grow at a CAGR of 10.4% from 2025 to 2033. The industrial automation oil and gas market is expected to grow from USD 18.75 billion in 2025 to USD 27.98 billion in 2030, at a CAGR of 8.4%.
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ATS Corporation (ATS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
* Leveraging a Strong and Diversified Order Backlog: ATS has consistently reported a robust order backlog, which provides significant revenue visibility and underpins future revenue conversion. For instance, in Q3 2026, the company maintained an order backlog of approximately $2.1 billion, reflecting a well-balanced mix across its end markets and geographies. This substantial backlog supports steady revenue generation in the near term.
* Continued Organic Growth in the Life Sciences Sector: The Life Sciences segment remains a primary growth engine for ATS. It is the company's largest segment, accounting for 51% of total revenues in Q3 2026, and demonstrated a 4% increase in revenues year-over-year. The backlog in this segment, particularly from radiopharma and GLP-1 auto-injector programs, is strong, indicating sustained demand.
* Strategic Mergers & Acquisitions (M&A): Strategic acquisitions are a key part of ATS's growth strategy, expanding its capabilities and market reach. The company has explicitly stated that a strategic approach to M&A will remain a key growth driver, with a focus on disciplined acquisitions to enhance margins and technology. Recent acquisitions, such as Avidity and ITACA, have contributed to revenue growth and expanded offerings in life sciences and pharmaceuticals.
* Growth in Aftermarket Services and Digital Solutions: ATS is experiencing continued momentum in its services offerings, which are noted as a driver of organic growth. The company aims to make services a recurring, margin-enhancing component of its business. The company's focus on software and digital solutions, including connected factory floor management systems, also contributes to operational efficiency and sustainable production improvements for its clients.
* Expansion and Capitalization on Key Industrial Markets, particularly Energy: While the Life Sciences sector is prominent, ATS's diversified market presence allows it to capitalize on opportunities in other industrial sectors. The Energy segment, for example, has achieved a record backlog, contributing to the company's diversified growth from its operating units. This broad market engagement mitigates potential impacts from macroeconomic headwinds and tariffs.
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Share Repurchases
- ATS Corporation received approval for a normal course issuer bid (NCIB) to repurchase up to approximately 8,225,621 shares, representing 10% of its public float, for the period commencing December 22, 2025, and ending on or before December 21, 2026.
- Under the prior 2024 NCIB, ATS was authorized to repurchase up to 8,259,180 shares.
- Over the 12 months prior to December 2025, ATS repurchased and canceled 308,758 shares at an average price of $32.39 each, totaling approximately $9.99 million.
Share Issuance
- ATS Corporation's common shares began trading on the New York Stock Exchange (NYSE) on May 25, 2023, marking its initial public offering in the United States.
- The company announced the closing of its initial public offering on May 30, 2023.
Outbound Investments
- On September 1, 2021, ATS Corporation acquired NCC Automated Systems, Inc., a provider of sanitary automation solutions and precision conveyance equipment, for US$40 million (approximately C$50 million).
- In 2024, ATS Corporation announced a definitive agreement to acquire Paxiom Group, a provider of primary, secondary, and end-of-line packaging machines for various industries, to be funded with cash and its revolving credit facility.
- In September 2024, ATS acquired Heidolph Instruments, strengthening its position in premium lab equipment for life sciences, and in February 2024, it acquired IT. ACA. Engineering S.r.l, an Italian automation system integrator.
Capital Expenditures
- For fiscal year 2026, ATS expected capital expenditures and intangible asset investments to be in the range of CAD 80 million to CAD 100 million.
- In the second quarter of fiscal 2026, ATS invested CAD 18.3 million in capital expenditures and intangible assets.
- Capital expenditures are primarily focused on adding capacity to support growth and investing in innovation across strategic markets such as electric vehicles, life sciences, and food & beverage.
Peer Outperformance in Industrial Machinery & Supplies & Components
ATS has trailed 93% of its 70 Industrial Machinery & Supplies & Components peers over 5Y. Among the peers that beat it are CRS, PH and NPO. Industrial Machinery & Supplies & Components ranks 5th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that ATS has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
20%
of 75 industry peers · -29.7% return
3Y
7%
of 73 industry peers · -44.9% return
5Y
7%
of 70 industry peers · -51.1% return
Industrial Machinery & Supplies & Components peers with revenue growth within 4pp of ATS's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| ATS | ATS | 3.2% | 39.4x | -29.7% | -44.9% | -51.1% | — |
| CRS | Carpenter Technology | 6.0% | 25.9x | -4.3% | 351.6% | 889.6% | +941pp |
| PH | Parker Hannifin | 4.1% | 32.7x | 23.4% | 142.8% | 232.5% | +284pp |
| NPO | Enpro | 3.6% | 136.5x | 22.6% | 145.1% | 221.1% | +272pp |
| GWW | W.W. Grainger | 5.6% | 35.3x | 45.9% | 86.7% | 210.5% | +262pp |
| FLS | Flowserve | 3.9% | 40.5x | 14.1% | 124.6% | 163.4% | +215pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is ATS's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 29 | -3.6% | 100.0% | 149.1% | STRL 1304% · FIX 1275% · AGX 776% |
| Marine Transportation | 5 | 34.9% | 45.7% | 144.5% | MATX 171% · KEX 145% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 16.1% | 58.1% | 103.1% | ALSN 274% · CAT 233% · WAB 224% |
| Aerospace & Defense | 54 | -9.5% | 62.7% | 65.1% | ATI 997% · FTAI 981% · HWM 644% |
| Industrial Machinery & Supplies & Components ← | 71 | 7.9% | 55.4% | 39.9% | CRS 890% · MLI 337% · SYM 273% |
| Trading Companies & Distributors | 19 | 21.5% | 40.7% | 32.2% | DXPE 420% · AIT 224% · URI 220% |
| Rail Transportation | 7 | 35.2% | 58.3% | 31.6% | CSX 52% · UNP 42% · NSC 32% |
| Diversified Support Services | 32 | 23.9% | 42.2% | 27.2% | CXW 233% · OPLN 166% · CACI 138% |
| Building Products | 34 | -6.4% | 11.9% | 20.1% | MOD 1023% · GFF 355% · TT 149% |
| Cargo Ground Transportation | 16 | 37.4% | 13.7% | 8.5% | XPO 292% · R 259% · ARCB 25% |
| Electrical Components & Equipment | 39 | -3.6% | 76.3% | 7.4% | POWL 1863% · VRT 819% · BE 569% |
| Office Services & Supplies | 10 | 27.7% | 21.1% | 1.3% | TILE 153% · PBI 146% · HNI 46% |
| Industrial Conglomerates | 17 | 12.6% | -4.5% | -13.9% | CSW 109% · CSL 78% · DD 76% |
| Data Processing & Outsourced Services | 6 | -17.5% | -0.6% | -15.4% | EXLS 61% · BR 18% · G -14% |
| Research & Consulting Services | 13 | 3.4% | -16.8% | -20.4% | HURN 281% · FCN 32% · BAH 11% |
| Agricultural & Farm Machinery | 16 | 12.9% | -7.6% | -22.0% | DE 107% · TTC 19% · AGCO 6% |
| Security & Alarm Services | 9 | -52.9% | 12.7% | -25.0% | BCO 65% |
| Environmental & Facilities Services | 29 | -32.9% | 21.6% | -28.3% | GEO 207% · CLH 175% · RSG 95% |
| Passenger Airlines | 11 | -1.6% | 41.6% | -34.2% | LTM 2778% · UAL 119% · DAL 110% |
| Air Freight & Logistics | 12 | -23.3% | -9.3% | -40.9% | FDX 83% · EXPD 69% · CHRW 59% |
| Human Resource & Employment Services | 22 | 20.5% | -9.6% | -44.1% | ADP 47% · FA 22% · PAYX 10% |
| Passenger Ground Transportation | 3 | -20.4% | 39.5% | -61.4% | UBER 46% · CAR -61% · LYFT -66% |
| Airport Services | 4 | -51.9% | -61.5% | -86.1% | JOBY -49% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| null | 10/17/2025 | |
| Fundamental Metrics: ... | 06/19/2024 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 55.62 |
| Mkt Cap | 6.5 |
| Rev LTM | 2,310 |
| Op Inc LTM | 192 |
| FCF LTM | 206 |
| FCF 3Y Avg | 341 |
| CFO LTM | 282 |
| CFO 3Y Avg | 420 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.0% |
| Rev Chg 3Y Avg | 3.7% |
| Rev Chg Q | 8.8% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 10.4% |
| Op Inc Chg 3Y Avg | 42.4% |
| Op Mgn LTM | 9.8% |
| Op Mgn 3Y Avg | 13.3% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 10.3% |
| CFO/Rev 3Y Avg | 13.3% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 10.5% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Automation Systems | 2,973 | 2,533 | 3,033 | 2,577 | 2,183 |
| Total | 2,973 | 2,533 | 3,033 | 2,577 | 2,183 |
| $ Mil | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|
| Automation Systems | 64 | 56 | 59 | 1 | 6 |
| Inter-segment revenue | -22 | -20 | |||
| Photowatt Technologies | -50 | -48 | 25 | 3 | -30 |
| Precision Components | -4 | ||||
| Total | -8 | -11 | 83 | 4 | -28 |
| $ Mil | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|
| Automation Systems | 523 | 460 | 474 | 382 | 350 |
| Photowatt Technologies | 274 | 280 | 348 | 276 | 185 |
| Inter-segment revenue | 2 | 13 | |||
| elimination | 14 | ||||
| Precision Components | 60 | ||||
| Total | 799 | 753 | 836 | 658 | 596 |
Price Behavior
Price Behavior
| Market Price | $18.96 | |
| Market Cap ($ Bil) | 1.9 | |
| First Trading Date | 12/28/2006 | |
| Distance from 52W High | -46.4% | |
| 50 Days | 200 Days | |
| DMA Price | $18.79 | $26.51 |
| DMA Trend | down | down |
| Distance from DMA | 0.9% | -28.5% |
| 3M | 1YR | |
| Volatility | 61.9% | 48.9% |
| Downside Capture | 371.94 | 217.61 |
| Upside Capture | 172.98 | 148.25 |
| Correlation (S&P 500) | 22.3% | 39.9% |
ATS Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.32 | 1.21 | 1.43 | 1.29 | 1.54 | 1.41 |
| Up Beta | -2.78 | -1.46 | -0.57 | 0.36 | 1.01 | 1.42 |
| Down Beta | 0.97 | 0.89 | -0.93 | 0.46 | 1.13 | 1.19 |
| Up Capture | 202% | 166% | 172% | 109% | 195% | 176% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 11 | 19 | 29 | 59 | 124 | 365 |
| Down Capture | 141% | 169% | 322% | 211% | 157% | 111% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 10 | 22 | 33 | 65 | 124 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATS | |
|---|---|---|---|---|
| ATS | -31.1% | 48.9% | -0.59 | - |
| Sector ETF (XLI) | 11.5% | 17.3% | 0.46 | 47.1% |
| Equity (SPY) | 11.6% | 12.8% | 0.57 | 39.6% |
| Gold (GLD) | -2.4% | 28.6% | -0.10 | 17.9% |
| Commodities (DBC) | 42.0% | 20.9% | 1.56 | -21.6% |
| Real Estate (VNQ) | 10.6% | 13.7% | 0.48 | 24.4% |
| Bitcoin (BTCUSD) | -29.9% | 43.5% | -0.70 | 24.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATS | |
|---|---|---|---|---|
| ATS | -7.0% | 42.8% | -0.07 | - |
| Sector ETF (XLI) | 12.0% | 17.6% | 0.51 | 50.7% |
| Equity (SPY) | 12.0% | 17.1% | 0.52 | 47.4% |
| Gold (GLD) | 16.5% | 19.0% | 0.69 | 13.1% |
| Commodities (DBC) | 8.3% | 19.6% | 0.31 | 5.6% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.06 | 38.2% |
| Bitcoin (BTCUSD) | 5.0% | 51.5% | 0.28 | 21.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATS | |
|---|---|---|---|---|
| ATS | 3.1% | 42.5% | 0.25 | - |
| Sector ETF (XLI) | 13.5% | 20.1% | 0.59 | 42.9% |
| Equity (SPY) | 15.2% | 17.9% | 0.71 | 42.6% |
| Gold (GLD) | 11.5% | 16.5% | 0.57 | 9.2% |
| Commodities (DBC) | 7.8% | 18.1% | 0.34 | 11.6% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 33.6% |
| Bitcoin (BTCUSD) | 61.1% | 66.2% | 1.01 | 18.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 6-K |
| 03/31/2026 | 05/28/2026 | 40-F |
| 12/31/2025 | 02/04/2026 | 6-K |
| 09/30/2025 | 11/05/2025 | 6-K |
| 06/30/2025 | 08/07/2025 | 6-K |
| 03/31/2025 | 05/29/2025 | 40-F |
| 12/31/2024 | 02/05/2025 | 6-K |
| 09/30/2024 | 11/06/2024 | 6-K |
| 06/30/2024 | 08/08/2024 | 6-K |
| 03/31/2024 | 05/16/2024 | 40-F |
| 12/31/2023 | 02/07/2024 | 6-K |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 6-K |
| 03/31/2026 | 05/28/2026 | 40-F |
| 12/31/2025 | 02/04/2026 | 6-K |
| 09/30/2025 | 11/05/2025 | 6-K |
| 06/30/2025 | 08/07/2025 | 6-K |
| 03/31/2025 | 05/29/2025 | 40-F |
| 12/31/2024 | 02/05/2025 | 6-K |
| 09/30/2024 | 11/06/2024 | 6-K |
| 06/30/2024 | 08/08/2024 | 6-K |
| 03/31/2024 | 05/16/2024 | 40-F |
| 12/31/2023 | 02/07/2024 | 6-K |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
Investor Activity (13F)
Updated Nov 4, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Mason Capital Management LLC | $462.6 Mil | 75.5% | 7 | ADD +5.4% | 13F |
| ACK Asset Management LLC | $52.1 Mil | 6.5% | 20 | Hold | 13F |
| Turtle Creek Asset Management Inc. | $138.1 Mil | 5.2% | 39 | TRIM -13.2% | 13F |
| Fairfax Financial Holdings LTD/ Can | $69.4 Mil | 3.6% | 29 | Hold | 13F |
| Scheer, Rowlett & Associates Investment Management Ltd. | $33.3 Mil | 2.4% | 33 | Hold | 13F |
| Hill City Capital, LP | $46.5 Mil | 1.7% | 23 | Hold | 13F |
| EdgePoint Investment Group Inc. | $202.1 Mil | 1.6% | 37 | Hold | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Mason Capital Management LLC | $462.6 Mil | 75.5% | 7 | ADD +5.4% | 13F |
| EdgePoint Investment Group Inc. | $202.1 Mil | 1.6% | 37 | Hold | 13F |
| Turtle Creek Asset Management Inc. | $138.1 Mil | 5.2% | 39 | TRIM -13.2% | 13F |
| Fairfax Financial Holdings LTD/ Can | $69.4 Mil | 3.6% | 29 | Hold | 13F |
| ACK Asset Management LLC | $52.1 Mil | 6.5% | 20 | Hold | 13F |
| Hill City Capital, LP | $46.5 Mil | 1.7% | 23 | Hold | 13F |
| Scheer, Rowlett & Associates Investment Management Ltd. | $33.3 Mil | 2.4% | 33 | Hold | 13F |
ATS — Investor Video Playlist
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Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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