ATS Co. (TSE:ATS – Get Free Report) insider Anne Cybulski bought 289 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of C$289.00 per share, with a total value of C$83,521.00. Following the completion of the purchase, the insider owned 876 shares in the company, valued at C$253,164. This represents a 49.23% increase in their position.
ATS Stock Performance
Shares of ATS stock opened at C$39.29 on Friday. The company has a market capitalization of C$3.81 billion, a P/E ratio of 53.82 and a beta of 1.20. The company’s 50 day moving average price is C$41.93 and its two-hundred day moving average price is C$41.55. ATS Co. has a 52 week low of C$33.72 and a 52 week high of C$49.48.
ATS (TSE:ATS – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share for the quarter. ATS had a net margin of 2.41% and a return on equity of 4.08%. The company had revenue of C$744.30 million during the quarter.
Key Stories Impacting ATS
- Positive Sentiment: Multiple ATS insiders bought shares on July 7, including Jeff Adamson, Angella Alexander, Steve Emery, Anne Cybulski, and Miroslav Kafedzhiev, suggesting confidence in the company’s outlook and current valuation. ATS insider buying alert
- Positive Sentiment: Angella Alexander’s purchase stood out as a large percentage increase in her holdings, and other executives also meaningfully increased their positions, reinforcing a shareholder-aligned message. ATS insider trades report
- Neutral Sentiment: The buying was relatively small in absolute dollar terms, so while it may support sentiment, it is unlikely by itself to materially change ATS’s fundamentals or near-term earnings outlook. ATS stock page
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on ATS shares. Scotiabank increased their target price 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. Desjardins set a C$52.00 price target on ATS and gave the company a “buy” rating in a report on Wednesday, June 17th. Royal Bank Of Canada reduced their price objective on ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Finally, TD increased their price objective on ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ATS currently has an average 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.
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