Nasdaq
華爾街日報AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's (VIE:ATS) market cap touched €1.3b last week, benefiting both individual investors who own 48% as well as institutions
Key Insights
- AT & S Austria Technologie & Systemtechnik's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public
- 50% of the business is held by the top 8 shareholders
- 34% of AT & S Austria Technologie & Systemtechnik is held by Institutions
To get a sense of who is truly in control of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS), it is important to understand the ownership structure of the business. With 48% stake, individual investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
Individual investors gained the most after market cap touched €1.3b last week, while institutions who own 34% also benefitted.
Let's delve deeper into each type of owner of AT & S Austria Technologie & Systemtechnik, beginning with the chart below.
View our latest analysis for AT & S Austria Technologie & Systemtechnik
What Does The Institutional Ownership Tell Us About AT & S Austria Technologie & Systemtechnik?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
We can see that AT & S Austria Technologie & Systemtechnik does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at AT & S Austria Technologie & Systemtechnik's earnings history below. Of course, the future is what really matters.
Hedge funds don't have many shares in AT & S Austria Technologie & Systemtechnik. Johannes Dörflinger-Stiftung is currently the largest shareholder, with 18% of shares outstanding. With 18% and 5.3% of the shares outstanding respectively, Androsch Privatstiftung and American Century Investment Management Inc are the second and third largest shareholders.
We also observed that the top 8 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Insider Ownership Of AT & S Austria Technologie & Systemtechnik
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
We note our data does not show any board members holding shares, personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid.
General Public Ownership
The general public-- including retail investors -- own 48% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Private Company Ownership
We can see that Private Companies own 18%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 2 warning signs for AT & S Austria Technologie & Systemtechnik you should be aware of.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.