ATS (TSE:ATS) Insider Steve Emery Acquires 417 Shares

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

ATS Price Performance

Shares of ATS stock traded down C$0.69 on Wednesday, hitting C$38.52. 258,086 shares of the company’s stock traded hands, compared to its average volume of 259,960. The firm’s 50-day moving average price is C$42.02 and its two-hundred day moving average price is C$41.54. The stock has a market capitalization of C$3.74 billion, a PE ratio of 52.77 and a beta of 1.20. ATS Co. has a one year low of C$33.72 and a one year high of C$49.48.

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

Wall Street Analyst Weigh In

ATS has been the subject of a number of analyst reports. Scotiabank boosted their price objective on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. TD lifted their price target on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Desjardins set a C$52.00 price objective on shares of ATS and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, Royal Bank Of Canada dropped their price objective on ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, ATS currently 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.