Insider Buying: ATCO Ltd. (TSE:ACO.X) Insider Buys 7,407 Shares of Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. bought 7,407 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average cost of C$50.55 per share, with a total value of C$374,423.85.

Sentgraf Enterprises Ltd. also recently made the following trade(s):

• On Thursday, March 13th, Sentgraf Enterprises Ltd. acquired 400 shares of ATCO stock. The shares were bought at an average cost of C$48.26 per share, for a total transaction of C$19,304.00.

ATCO Trading Up 0.7%

TSE ACO.X traded up C$0.35 during mid-day trading on Tuesday, reaching C$50.64. 57,664 shares of the stock were exchanged, compared to its average volume of 212,003. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. ATCO Ltd. has a 1-year low of C$38.13 and a 1-year high of C$52.48. The business’s fifty day simple moving average is C$50.49 and its 200 day simple moving average is C$48.74. The stock has a market capitalization of C$5.05 billion, a PE ratio of 14.81, a PEG ratio of 3.80 and a beta of 0.74.

Analysts Set New Price Targets

Several brokerages recently weighed in on ACO.X. Royal Bank of Canada raised their price target on shares of ATCO from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. CIBC lifted their price objective on ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th. Finally, Scotiabank increased their price target on shares of ATCO from C$49.00 to C$51.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th.

About ATCO

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.