ATS (TSE:ATS) Insider Purchases C$185,311.44 in Stock

ATS Co. (TSE:ATS) insider Miroslav Kafedzhiev bought 4,737 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of C$39.12 per share, for a total transaction of C$185,311.44. Following the completion of the acquisition, the insider owned 4,737 shares in the company, valued at C$185,311.44. This trade represents a ∞ increase in their position.

ATS Stock Down 1.8%

TSE:ATS traded down C$0.69 during trading hours on Wednesday, hitting C$38.52. 258,086 shares of the stock traded hands, compared to its average volume of 259,960. ATS Co. has a 1 year low of C$33.72 and a 1 year high of C$49.48. 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. The stock has a 50 day moving average price of C$42.02 and a 200 day moving average price of C$41.54.

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 return on equity of 4.08% and a net margin of 2.41%.The firm had revenue of C$744.30 million during the quarter.

Analyst Ratings Changes

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