ATS Automation

ATA-T

TSE:ATA

19.07
0.05 (0.26%)
ATS Automation Tooling Systems is a Cambridge, Ontario based Canadian company which designs and builds factory automation solutions.
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Analysis and Opinions about ATA-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
June 3, 2020
Robot factories and processes. On-shoring and building new plants will create good opportunities for them. They are quite undervalued to their peers and have a great cash flow profile. They have been involved in developing COVID-19 testing kits. Yield 0% (Analysts’ price target is $25.42)
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Robot factories and processes. On-shoring and building new plants will create good opportunities for them. They are quite undervalued to their peers and have a great cash flow profile. They have been involved in developing COVID-19 testing kits. Yield 0% (Analysts’ price target is $25.42)
PAST TOP PICK
PAST TOP PICK
January 27, 2020
(A Top Pick Feb 05/19, Up 28%) They are automating their factories more. It has grown pretty aggressively in the health care sector. That business is not dependent on the economy. It is trading at a discount to some of its peers.
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ATS Automation (ATA-T)
January 27, 2020
(A Top Pick Feb 05/19, Up 28%) They are automating their factories more. It has grown pretty aggressively in the health care sector. That business is not dependent on the economy. It is trading at a discount to some of its peers.
PAST TOP PICK
PAST TOP PICK
October 15, 2019
(A Top Pick Feb 27/19, Down 6%) They're hurt by weakening European growth. He's not super-worried though, but has trimmed his position. He's bullish about the automation sector in general, so he's staying in ATS. Automation will be key in the future. Expect a few bumpy quarters.
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ATS Automation (ATA-T)
October 15, 2019
(A Top Pick Feb 27/19, Down 6%) They're hurt by weakening European growth. He's not super-worried though, but has trimmed his position. He's bullish about the automation sector in general, so he's staying in ATS. Automation will be key in the future. Expect a few bumpy quarters.
PAST TOP PICK
PAST TOP PICK
August 1, 2019
(A Top Pick Jul 24/18, Up 14%) They make automation processes to assist companies improve their production efficiency. Earnings continue to show good growth. Sales up 17%. PE of 20 times. ROE is reasonable. He no longer owns the stock.
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ATS Automation (ATA-T)
August 1, 2019
(A Top Pick Jul 24/18, Up 14%) They make automation processes to assist companies improve their production efficiency. Earnings continue to show good growth. Sales up 17%. PE of 20 times. ROE is reasonable. He no longer owns the stock.
HOLD
HOLD
July 22, 2019
It's historically been expensive, but not now. They're executing well and just bought a company in Italy. They have robust back orders. Hold, if you own it, but keep an eye on their next report. They bounced back with a good quarter recently after a new CEO came onboard. Has a good shareholder base, which will limit knee-jerk stock reactions.
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It's historically been expensive, but not now. They're executing well and just bought a company in Italy. They have robust back orders. Hold, if you own it, but keep an eye on their next report. They bounced back with a good quarter recently after a new CEO came onboard. Has a good shareholder base, which will limit knee-jerk stock reactions.
PAST TOP PICK
PAST TOP PICK
April 12, 2019
(A Top Pick Jul 24/18, Up 8%) He continues to rank it highly although he no longer owns it.
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ATS Automation (ATA-T)
April 12, 2019
(A Top Pick Jul 24/18, Up 8%) He continues to rank it highly although he no longer owns it.
SELL STRENGTH
SELL STRENGTH
March 11, 2019
He'd sell around $20 if it breaks through which looks quite possible. In tech analysis, a stock has to break through a new level.
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ATS Automation (ATA-T)
March 11, 2019
He'd sell around $20 if it breaks through which looks quite possible. In tech analysis, a stock has to break through a new level.
TOP PICK
TOP PICK
February 27, 2019
They make automation systems and robotics for manufacturing in autos and biopharma. ATS need to create a recurring revenue stream from that. So, this new CEO is creating that and this should raise earnings. (Analysts’ price target is $23.25)
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ATS Automation (ATA-T)
February 27, 2019
They make automation systems and robotics for manufacturing in autos and biopharma. ATS need to create a recurring revenue stream from that. So, this new CEO is creating that and this should raise earnings. (Analysts’ price target is $23.25)
COMMENT
COMMENT
February 8, 2019
It gapped higher at $17 following earnings, but hit its 200-day moving average and now going lower. Be cautious here long-term. Feb-July is its seasonality.
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ATS Automation (ATA-T)
February 8, 2019
It gapped higher at $17 following earnings, but hit its 200-day moving average and now going lower. Be cautious here long-term. Feb-July is its seasonality.
TOP PICK
TOP PICK
February 5, 2019
Poor Q3 pressured the stock, but sees secular growth in warehouse automation, healthcare equipment and e-cars (to do the automation in those factories). A healthy balance sheet. They just announced an acqusition; he expects more M&A to drive growth. Trading at a low multiple vs. history and peers. Good value here. (Analysts’ price target is $23.25)
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ATS Automation (ATA-T)
February 5, 2019
Poor Q3 pressured the stock, but sees secular growth in warehouse automation, healthcare equipment and e-cars (to do the automation in those factories). A healthy balance sheet. They just announced an acqusition; he expects more M&A to drive growth. Trading at a low multiple vs. history and peers. Good value here. (Analysts’ price target is $23.25)
BUY
BUY
February 5, 2019
Long history in Canada. Very sensitive to the economic cycle. Now that recession has been put off, it's at a better entry level. Has been a very expensive stock. New management made complementary, but expensive, acquisitions. Given the pullback, he'd be inclined to buy. Well run, and deserves its high multiple. In choppy markets, it will be one of the first to sell off.
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ATS Automation (ATA-T)
February 5, 2019
Long history in Canada. Very sensitive to the economic cycle. Now that recession has been put off, it's at a better entry level. Has been a very expensive stock. New management made complementary, but expensive, acquisitions. Given the pullback, he'd be inclined to buy. Well run, and deserves its high multiple. In choppy markets, it will be one of the first to sell off.
WEAK BUY
WEAK BUY
November 27, 2018
They got smacked when they missed their quarter. He's long ATS. It does well counter-cyclically, which means as we head towards a rougher economy, this tends to perform better. He believes management will turn this around. This could be a defensive name as he heads towards a rocky economy.
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ATS Automation (ATA-T)
November 27, 2018
They got smacked when they missed their quarter. He's long ATS. It does well counter-cyclically, which means as we head towards a rougher economy, this tends to perform better. He believes management will turn this around. This could be a defensive name as he heads towards a rocky economy.
BUY
BUY
November 15, 2018
Well-valued after coming off a sharp sell-off. One segment they deal in is a strong growth segment. It's a good time to enter this.
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ATS Automation (ATA-T)
November 15, 2018
Well-valued after coming off a sharp sell-off. One segment they deal in is a strong growth segment. It's a good time to enter this.
BUY
BUY
September 13, 2018

They do tooling for factories. Manufacturing is moving to e-vehicles and more automation in factories. ATS can do this. Backlog is growing and just bought a company today. High valuation. Sound strategy. He has a 5-year timeline for ATS. Things are playing out well for them. Likes it.

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ATS Automation (ATA-T)
September 13, 2018

They do tooling for factories. Manufacturing is moving to e-vehicles and more automation in factories. ATS can do this. Backlog is growing and just bought a company today. High valuation. Sound strategy. He has a 5-year timeline for ATS. Things are playing out well for them. Likes it.

BUY
BUY
August 28, 2018

This is one of his biggest positions. They report growth quarter after quarter. They were a challenged company but they changed management, changed focus to health care sector and cleaned up the balance sheet. They have no net debt. The stock has had a big run-up but the fundamentals have been going up at least as fast. It trades at a discount to US peers even though it has a much better balance sheet. It trades at about 12x EBITDA and peers trade in the mid-teens.

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ATS Automation (ATA-T)
August 28, 2018

This is one of his biggest positions. They report growth quarter after quarter. They were a challenged company but they changed management, changed focus to health care sector and cleaned up the balance sheet. They have no net debt. The stock has had a big run-up but the fundamentals have been going up at least as fast. It trades at a discount to US peers even though it has a much better balance sheet. It trades at about 12x EBITDA and peers trade in the mid-teens.

TOP PICK
TOP PICK
July 24, 2018

They design and build turnkey manufacturing and test systems. Doesn’t pay a dividend, but he thinks it is coming out of a long sleep with great opportunities as many companies bring manufacturing back to North America. They had a big earnings surprise this quarter and analysts’ forecasts have been revised significantly upward. Looking at the technical pattern, he thinks there is a possible 50% upside. (Analysts’ price target is $22.40)

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They design and build turnkey manufacturing and test systems. Doesn’t pay a dividend, but he thinks it is coming out of a long sleep with great opportunities as many companies bring manufacturing back to North America. They had a big earnings surprise this quarter and analysts’ forecasts have been revised significantly upward. Looking at the technical pattern, he thinks there is a possible 50% upside. (Analysts’ price target is $22.40)

COMMENT
COMMENT
July 24, 2018

They create automated liines for medical and small packaging. It's a cyclical stock, following the industrial cycle. But over the long term it has a future. They face competition from Chinese automation companies. A decent company and good business.

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They create automated liines for medical and small packaging. It's a cyclical stock, following the industrial cycle. But over the long term it has a future. They face competition from Chinese automation companies. A decent company and good business.

TOP PICK
TOP PICK
June 5, 2018

We're in the early innings of automation. ATA supplies this to and consults the energy, healthcare, industrial and maufacturing industries. ATA is in the thick of it. Stricter regulations in these industries demands precision that's found in automation. ATA has fine management. They've been on a buying spree. Their chart is very bullish and the stock price will continue to rise. Despite the recent spike, he'd still buy it. (Analysts' price target: $22.40)

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We're in the early innings of automation. ATA supplies this to and consults the energy, healthcare, industrial and maufacturing industries. ATA is in the thick of it. Stricter regulations in these industries demands precision that's found in automation. ATA has fine management. They've been on a buying spree. Their chart is very bullish and the stock price will continue to rise. Despite the recent spike, he'd still buy it. (Analysts' price target: $22.40)

TOP PICK
TOP PICK
June 5, 2018

We're in the early innings of automation. ATA supplies this to and consults the energy, healthcare, industrial and maufacturing industries. ATA is in the thick of it. Stricter regulations in these industries demands precision that's found in automation. ATA has fine management. They've been on a buying spree. Their chart is very bullish and the stock price will continue to rise. Despite the recent spike, he'd still buy it. (Analysts' price target: $22.40)

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We're in the early innings of automation. ATA supplies this to and consults the energy, healthcare, industrial and maufacturing industries. ATA is in the thick of it. Stricter regulations in these industries demands precision that's found in automation. ATA has fine management. They've been on a buying spree. Their chart is very bullish and the stock price will continue to rise. Despite the recent spike, he'd still buy it. (Analysts' price target: $22.40)

COMMENT
COMMENT
May 22, 2018

This is his second biggest holding. He bought it as low as $4 and change. He won’t be buying more at this price but people who buy under a different system, such as a momentum system, might find this attractive. This had a solar arm, which was one of the reasons he bought the company. Unfortunately, it didn’t work out and they had to sell it off. There is a new CEO now who he likes very much.

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This is his second biggest holding. He bought it as low as $4 and change. He won’t be buying more at this price but people who buy under a different system, such as a momentum system, might find this attractive. This had a solar arm, which was one of the reasons he bought the company. Unfortunately, it didn’t work out and they had to sell it off. There is a new CEO now who he likes very much.

TOP PICK
TOP PICK
March 19, 2018

This company helps customer to automate their processes to help them be more competitive. It has a new CEO who is very focused on execution. The market believes they will increase profit margins by 5%. They also have a pipeline of acquisitions. The stock now has momentum. Yield 0%. (Analysts’ price target is $18.70 )

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ATS Automation (ATA-T)
March 19, 2018

This company helps customer to automate their processes to help them be more competitive. It has a new CEO who is very focused on execution. The market believes they will increase profit margins by 5%. They also have a pipeline of acquisitions. The stock now has momentum. Yield 0%. (Analysts’ price target is $18.70 )

COMMENT
COMMENT
December 8, 2017

Has a Sell target of $21+, but wonders if he has overvalued where it can go. He’s happy to continue holding.

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ATS Automation (ATA-T)
December 8, 2017

Has a Sell target of $21+, but wonders if he has overvalued where it can go. He’s happy to continue holding.

DON'T BUY
DON'T BUY
September 8, 2016

They did a nice job in the last 5 years in reinventing themselves. 16% return on capital. But it is hard to justify the price at this point.

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ATS Automation (ATA-T)
September 8, 2016

They did a nice job in the last 5 years in reinventing themselves. 16% return on capital. But it is hard to justify the price at this point.

COMMENT
COMMENT
September 7, 2016

When he looks across the automation value chain, there are a lot of really fascinating things happening. When you look at what robotics are able to do, it is an area that he thinks is going to greatly surprise people over the long-term. However, he didn’t feel this company was in the part of the value chain that he wanted to be in. There are some very interesting European, Japanese and American companies that have a little more of a moat around their business.

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ATS Automation (ATA-T)
September 7, 2016

When he looks across the automation value chain, there are a lot of really fascinating things happening. When you look at what robotics are able to do, it is an area that he thinks is going to greatly surprise people over the long-term. However, he didn’t feel this company was in the part of the value chain that he wanted to be in. There are some very interesting European, Japanese and American companies that have a little more of a moat around their business.

COMMENT
COMMENT
July 5, 2016

He has just started buying this. It fits in his theme that he thinks will play out over the coming months and years, the repatriation of industrial production back into Western economies. This company runs a pretty good consulting business for automating and manufacturing businesses.

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He has just started buying this. It fits in his theme that he thinks will play out over the coming months and years, the repatriation of industrial production back into Western economies. This company runs a pretty good consulting business for automating and manufacturing businesses.

PAST TOP PICK
PAST TOP PICK
December 11, 2015

(A Top Pick Nov 18/14. Down 16.91%.) A very good company and it is in the right space. Industrials performed horribly in 2015.

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ATS Automation (ATA-T)
December 11, 2015

(A Top Pick Nov 18/14. Down 16.91%.) A very good company and it is in the right space. Industrials performed horribly in 2015.

COMMENT
COMMENT
September 18, 2015

Helps optimize manufacturing processes for companies. The stock is moving in an upward trend. 43% of revenues come from the US. Expects you will see a good 15%-25% upside from here.

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ATS Automation (ATA-T)
September 18, 2015

Helps optimize manufacturing processes for companies. The stock is moving in an upward trend. 43% of revenues come from the US. Expects you will see a good 15%-25% upside from here.

TOP PICK
TOP PICK
March 16, 2015

There is this pickup in the global trend of manufacturing automation. Trades slightly cheaper than Rockwell, for example. As we see global production picking up they will do well here. Estimates have been reset over the last quarter here and so the company has more attainable growth estimates now. There is organic as well as margin growth possible here.

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ATS Automation (ATA-T)
March 16, 2015

There is this pickup in the global trend of manufacturing automation. Trades slightly cheaper than Rockwell, for example. As we see global production picking up they will do well here. Estimates have been reset over the last quarter here and so the company has more attainable growth estimates now. There is organic as well as margin growth possible here.

COMMENT
COMMENT
February 3, 2015

They have done a couple of takeovers. The backlog before the takeovers is at 56% year-over-year, but if you include the takeovers, the backlog is about 96% going forward. The biggest negative on this is that they have taken on quite a bit of debt for the 2 takeovers. Interest rates are low, so hopefully it won’t harm them as much when rates go up. He has a target price of better than $22.

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ATS Automation (ATA-T)
February 3, 2015

They have done a couple of takeovers. The backlog before the takeovers is at 56% year-over-year, but if you include the takeovers, the backlog is about 96% going forward. The biggest negative on this is that they have taken on quite a bit of debt for the 2 takeovers. Interest rates are low, so hopefully it won’t harm them as much when rates go up. He has a target price of better than $22.

TOP PICK
TOP PICK
November 18, 2014

Automation, and as companies globally are trying to be more productive, they are turning to technology, and manufacturing companies are turning to automation. For Canadians, this is a great way to get exposure to that growing trend of automation. Started to focus more and more on service revenue, which is stickier and higher-margin, so they are going to do quite well here. The trend catalyst for the stock is M&A. Free cash flow is good. Leverage is at 2.9 times and will come down through this period of industrial production. It's getting a fair bit of revenue from overseas. This is one of the smaller players, so there is a bit of risk to it.

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ATS Automation (ATA-T)
November 18, 2014

Automation, and as companies globally are trying to be more productive, they are turning to technology, and manufacturing companies are turning to automation. For Canadians, this is a great way to get exposure to that growing trend of automation. Started to focus more and more on service revenue, which is stickier and higher-margin, so they are going to do quite well here. The trend catalyst for the stock is M&A. Free cash flow is good. Leverage is at 2.9 times and will come down through this period of industrial production. It's getting a fair bit of revenue from overseas. This is one of the smaller players, so there is a bit of risk to it.

BUY
BUY
November 17, 2014

The back log increased by 50%. The top brass it too well rewarded and were selling in the past, but not so much recently.

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ATS Automation (ATA-T)
November 17, 2014

The back log increased by 50%. The top brass it too well rewarded and were selling in the past, but not so much recently.

HOLD
HOLD
November 6, 2014

Well run company. It had some notable troubles in the past. Things are improving. The most recent quarter was strong with increased booking and earnings. They export a number of products outside of the country so benefit from the weaker dollar.

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ATS Automation (ATA-T)
November 6, 2014

Well run company. It had some notable troubles in the past. Things are improving. The most recent quarter was strong with increased booking and earnings. They export a number of products outside of the country so benefit from the weaker dollar.

WATCH
WATCH
August 21, 2014

Automated production lines in a whole lot of industries. They have a tremendous amount of R&D. Trying to grow by acquisition. He is watching it carefully.

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ATS Automation (ATA-T)
August 21, 2014

Automated production lines in a whole lot of industries. They have a tremendous amount of R&D. Trying to grow by acquisition. He is watching it carefully.

PAST TOP PICK
PAST TOP PICK
August 12, 2014

(A Top Pick Aug 20/13. Up 22.44%.) He likes the industrial sector and this is a component that is not overly followed. In Canada industrials have been led by the 2 rails. In that basket of about 21 stocks, half of them are underperformers and they are going to start pulling their weight now.

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ATS Automation (ATA-T)
August 12, 2014

(A Top Pick Aug 20/13. Up 22.44%.) He likes the industrial sector and this is a component that is not overly followed. In Canada industrials have been led by the 2 rails. In that basket of about 21 stocks, half of them are underperformers and they are going to start pulling their weight now.

PAST TOP PICK
PAST TOP PICK
June 30, 2014

(A Top Pick Aug 2013. Up 25.77%.) Chart shows a Top last October, and it looks like it is breaking out again with a 52 week, possibly an all time, high. Once you start making a series of 52-week highs, the 1st one is not your last. There should be more.

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(A Top Pick Aug 2013. Up 25.77%.) Chart shows a Top last October, and it looks like it is breaking out again with a 52 week, possibly an all time, high. Once you start making a series of 52-week highs, the 1st one is not your last. There should be more.

PAST TOP PICK
PAST TOP PICK
June 13, 2014

(A Top Pick Aug 20/13. Up 19.43%.) Still likes.

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(A Top Pick Aug 20/13. Up 19.43%.)