ATS (TSE:ATS) Insider Angella Alexander Acquires 915 Shares

ATS Co. (TSE:ATS) insider Angella Alexander acquired 915 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, for a total transaction of C$35,794.80. Following the completion of the acquisition, the insider owned 2,207 shares of the company’s stock, valued at approximately C$86,337.84. The trade was a 70.82% increase in their ownership of the stock.

ATS Stock Down 1.8%

Shares of TSE:ATS opened at C$38.52 on Thursday. The firm 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 twelve month low of C$33.72 and a twelve month high of C$49.48. The company has a 50-day moving average price of C$42.02 and a two-hundred day moving average price of C$41.54.

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

ATS News Summary

Here are the key news stories impacting ATS this week:

• Positive Sentiment: Multiple ATS insiders bought shares on July 7, including Jeff Adamson, Angella Alexander, Anne Cybulski, Steve Emery, and Miroslav Kafedzhiev. The purchases were made around C$39.12 per share in several cases, suggesting confidence in the company’s outlook and potentially helping support investor sentiment. ATS insider buying report
• Neutral Sentiment: The insider purchases were relatively small in dollar terms individually, so while they are constructive, they may not be enough on their own to meaningfully change near-term fundamentals or the stock’s direction. ATS insider buying report

Wall Street Analyst Weigh In

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