Insider Buying: ATS (TSE:ATS) Insider Purchases C$37,281.36 in Stock

ATS Co. (TSE:ATS) insider Jeff Adamson bought 953 shares of ATS stock in a transaction dated Tuesday, July 7th. The shares were bought at an average cost of C$39.12 per share, for a total transaction of C$37,281.36. Following the completion of the acquisition, the insider owned 6,199 shares in the company, valued at C$242,504.88. This represents a 18.17% increase in their position.

ATS Price Performance

Shares of TSE:ATS opened at C$39.62 on Friday. ATS Co. has a 1 year low of C$33.72 and a 1 year high of C$49.48. The stock has a market capitalization of C$3.84 billion, a price-to-earnings ratio of 54.27 and a beta of 1.20. The company’s 50 day simple moving average is C$41.87 and its 200 day simple moving average is C$41.54.

ATS (TSE:ATS) last issued its earnings results on Thursday, May 28th. The company reported C$0.36 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada decreased their price target on ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Desjardins set a C$52.00 target price on shares of ATS and gave the company a “buy” rating in a report on Wednesday, June 17th. Scotiabank lifted their price objective 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. Finally, TD upped their target price on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$50.43.

About ATS

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.