Insider Buying: ATS (TSE:ATS) Insider Buys C$35,794.80 in Stock

ATS Co. (TSE:ATS) insider Angella Alexander acquired 915 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of C$39.12 per share, with a total value of C$35,794.80. Following the acquisition, the insider owned 2,207 shares in the company, valued at C$86,337.84. This trade represents a 70.82% increase in their ownership of the stock.

ATS Price Performance

ATS stock opened at C$39.62 on Friday. The company has a market capitalization of C$3.84 billion, a PE ratio of 54.27 and a beta of 1.20. ATS Co. has a 12 month low of C$33.72 and a 12 month high of C$49.48. The firm’s 50-day moving average is C$41.87 and its 200 day moving average is C$41.54.

ATS (TSE:ATS) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$744.30 million during the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

Wall Street Analyst Weigh In

ATS has been the subject of a number of recent research reports. TD boosted their price objective on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada reduced their target price on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Desjardins set a C$52.00 price objective on shares of ATS and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Scotiabank upped their price target on ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, April 28th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, ATS has a consensus rating of “Buy” and a consensus target price of C$50.43.

ATS Company Profile

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.