Miroslav Kafedzhiev Purchases 4,737 Shares of ATS (TSE:ATS) Stock

ATS Co. (TSE:ATS) insider Miroslav Kafedzhiev purchased 4,737 shares of the stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of C$39.12 per share, for a total transaction of C$185,311.44. Following the completion of the acquisition, the insider directly owned 4,737 shares in the company, valued at approximately C$185,311.44. This represents a ? increase in their position.

ATS Trading Up 2.0%

TSE ATS opened at C$39.29 on Friday. The firm has a market capitalization of C$3.81 billion, a P/E ratio of 53.82 and a beta of 1.20. ATS Co. has a 12-month low of C$33.72 and a 12-month high of C$49.48. The firm’s fifty day simple moving average is C$41.93 and its two-hundred day simple moving average is C$41.55.

ATS (TSE:ATS) last announced 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 company had revenue of C$744.30 million for the quarter.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TD upped their price objective on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, May 29th. Desjardins set a C$52.00 price objective on ATS and gave the company a “buy” rating in a report on Wednesday, June 17th. Royal Bank Of Canada cut their target price on shares of 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, Scotiabank increased their price objective on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 28th. 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 an average price target of C$50.43.

Key Headlines Impacting ATS

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, 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

About ATS

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.