Giuseppe (Joe) Tassone Sells 4,842 Shares of ATS (TSE:ATS) Stock

ATS Co. (TSE:ATS) insider Giuseppe (Joe) Tassone sold 4,842 shares of ATS stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$41.55, for a total transaction of C$201,185.10. Following the sale, the insider directly owned 7,026 shares of the company’s stock, valued at C$291,930.30. The trade was a 40.80% decrease in their position.

ATS Stock Performance

Shares of ATS stock opened at C$39.26 on Friday. The company has a market capitalization of C$3.81 billion, a price-to-earnings ratio of 53.78 and a beta of 1.20. The company has a 50-day simple moving average of C$43.49 and a 200 day simple moving average of C$41.06. ATS Co. has a 52 week low of C$33.72 and a 52 week high of C$49.48.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. 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. Scotiabank lifted 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. Finally, TD lifted their target price on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ATS currently has an average rating of “Buy” and a consensus target price of C$50.17.

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.