Insider Buying: ATS (TSE:ATS) Insider Acquires C$16,313.04 in Stock

ATS Co. (TSE:ATS) insider Steve Emery bought 417 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of C$39.12 per share, for a total transaction of C$16,313.04. Following the acquisition, the insider directly owned 4,958 shares of the company’s stock, valued at C$193,956.96. The trade was a 9.18% increase in their ownership of the stock.

ATS Trading Up 0.8%

TSE:ATS opened at C$39.62 on Friday. The stock has a 50 day moving average of C$41.87 and a 200-day moving average of C$41.54. ATS Co. has a 52 week low of C$33.72 and a 52 week high of C$49.48. The firm has a market capitalization of C$3.84 billion, a PE ratio of 54.27 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ATS shares. Royal Bank Of Canada cut 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 research report on Friday, May 29th. Scotiabank increased their target price on shares of ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. Desjardins set a C$52.00 price target on shares of ATS and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, TD increased 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. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ATS presently has a consensus rating of “Buy” and an average target price 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.