ATS (TSE:ATS) Insider Acquires 289 Shares of Stock

ATS Co. (TSE:ATS) insider Anne Cybulski bought 289 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average cost of C$289.00 per share, with a total value of C$83,521.00. Following the completion of the purchase, the insider owned 876 shares of the company’s stock, valued at approximately C$253,164. The trade was a 49.23% increase in their position.

ATS Price Performance

Shares of ATS stock traded down C$0.69 during trading hours on Wednesday, reaching C$38.52. 258,086 shares of the company were exchanged, compared to its average volume of 259,960. ATS Co. has a fifty-two week low of C$33.72 and a fifty-two week high of C$49.48. The stock’s fifty day moving average is C$42.02 and its two-hundred day moving average is C$41.54. The company has a market cap of C$3.74 billion, a price-to-earnings ratio of 52.77 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATS. Desjardins set a C$52.00 target price on ATS and gave the company a “buy” rating in a research note 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. 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 on the stock in a research report on Friday, May 29th. Finally, TD raised their target price on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.