Topic: How To Invest

Q: Hello, Pat: Could I get your comments/thoughts on ATS Corp. (ATS)? Thank you.

Article Excerpt

A: ATS Corp., $56.95, symbol ATS on Toronto (Shares outstanding: 98.9 million; Market cap: $5.8 billion;, was formerly known as ATS Automation Tooling Systems. ATS provides some of the world’s top manufacturers with factory automation solutions. Founded in 1978, it has over 60 manufacturing facilities and 80 offices in North America, Europe, and Asia. On May 25, 2023, the company’s shares began trading on the New York exchange—in addition to their continued Toronto exchange listing. Adding a New York listing should raise the company’s profile and increase its liquidity and ability to raise capital. This is particularly true when a growing Canadian company lists its stock for trading on the New York exchange. That’s because it lets U.S. investors buy without having to convert their U.S. funds into Canadian funds, since U.S. listings generally trade in U.S. funds, even if the company is Canadian. On March 28, 2023, ATS announced that it would acquire Triad Unlimited LLC, a U.S.-based reliability engineering service…