Review of ATS Corporation

MAY 30, 2024 - ATS Corporation (ATS) is an industry leader in planning, designing, building, commissioning and servicing automated manufacturing and assembly systems. Overall, ATS had quite a volatile fiscal 2024 year. The company’s shares fluctuated due to market concerns on the strength of its backlog. While ATS’ backlog and bookings did decline on a full-year basis, the fourth quarter pointed to potentially a positive turnaround in these metrics. We are maintaining our rating of a B+, however if the backlog trends negatively in future quarters, we will consider dropping our rating.

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Q: Hello 5i...with respect to Cdn Industrials...I am looking to consolidate 9 positions into 6 to 7 holdings...thaey are ( largest to smaillest holding ) WSP, TFII, EIF, ATS, CJT, HPS.A, TRI, TVK, DRX, I am looking for some sort of combo of stable growth ( I have good gains in WSP and TFII and will hold, but could trim ) and potential exceptional growth. Would appreciate if you could rank based on growth and how you might see a consolidation effort for these.

One option being considered is to move completely out of CJT and /or ATS to US industrials and looking at potentials FIX or TT... would like your opinion on this move and if you have preference for one or another suggested potential US industrial ( I already hold AXON )

thanks/Art

Read Answer Asked by Arthur on July 22, 2024

Q: Hi Team,
After the sell off of the last couple days now what are 3 of your favourite Canadian stocks you would be keen on buying today for a long term hold, regardless of sector ranked best to least. Also if there are any US names available as cdrs that are good buys today after some extreme selling I would be interested in those to.

Thanks ,
Shane

Read Answer Asked by Shane on July 19, 2024

Q: Good Morning, I am currently looking to add to my industrial holdings. I already own TIH and ATS but I can either build up my ATS position or introduce DRX to the mix. Your thoughts please. Thank you

Read Answer Asked by Roger on July 16, 2024