ATS (TSE:ATS) Insider Purchases 953 Shares of Stock

ATS Co. (TSE:ATS – Get Free Report) insider Jeff Adamson bought 953 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, for a total transaction of C$37,281.36. Following the completion of the transaction, the insider owned 6,199 shares of the company’s stock, valued at approximately C$242,504.88. The trade was a 18.17% increase in their position.

ATS Stock Performance

Shares of TSE:ATS traded down C$0.69 during trading on Wednesday, hitting C$38.52. The company’s stock had a trading volume of 258,086 shares, compared to its average volume of 259,960. The company 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 fifty-two week low of C$33.72 and a fifty-two week high of C$49.48. The stock’s 50-day moving average price is C$42.02 and its two-hundred day moving average price is C$41.54.

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ATS (TSE:ATS – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported C$0.36 earnings per share 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 Upgrades and Downgrades

A number of research analysts have commented on ATS shares. Desjardins set a C$52.00 price objective on shares of ATS and gave the company a “buy” rating in a research note on Wednesday, June 17th. Scotiabank increased their price target on shares of 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 decreased their price target on ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Finally, TD boosted their price objective on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$50.43.

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About ATS

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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.

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