ATS (TSE:ATS) Insider Purchases C$345,720.00 in Stock

ATS Co. (TSE:ATS) insider Doug Wright purchased 8,600 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of C$40.20 per share, for a total transaction of C$345,720.00. Following the purchase, the insider owned 8,600 shares in the company, valued at approximately C$345,720. The trade was a ∞ increase in their ownership of the stock.

Doug Wright also recently made the following trade(s):

• On Wednesday, March 11th, Doug Wright acquired 8,300 shares of ATS stock. The shares were acquired at an average cost of C$41.44 per share, with a total value of C$343,952.00.

ATS Trading Down 2.4%

Shares of ATS opened at C$37.77 on Friday. The company’s 50-day moving average price is C$41.38 and its 200 day moving average price is C$38.78. ATS Co. has a 12-month low of C$29.81 and a 12-month high of C$45.12. The firm has a market cap of C$3.66 billion, a P/E ratio of 198.79 and a beta of 0.87.

ATS (TSE:ATS) last announced its earnings results on Wednesday, February 4th. The company reported C$0.48 earnings per share for the quarter. ATS had a net margin of 0.67% and a return on equity of 1.09%. The company had revenue of C$760.65 million during the quarter.

Analyst Upgrades and Downgrades

ATS has been the subject of several research reports. Scotiabank lifted their target price on shares of ATS from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. TD Securities raised their price target on ATS from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, National Bank Financial lifted their price objective on ATS from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$49.60.

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.