Steve Emery Purchases 417 Shares of ATS (TSE:ATS) Stock

ATS Co. (TSE:ATS) insider Steve Emery acquired 417 shares of ATS stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average price of C$39.12 per share, for a total transaction of C$16,313.04. Following the transaction, the insider owned 4,958 shares of the company’s stock, valued at C$193,956.96. This represents a 9.18% increase in their position.

ATS Stock Up 2.0%

Shares of TSE:ATS opened at C$39.29 on Friday. ATS Co. has a 52-week low of C$33.72 and a 52-week high of C$49.48. The stock has a market cap of C$3.81 billion, a P/E ratio of 53.82 and a beta of 1.20. The business has a fifty day moving average of C$41.93 and a two-hundred day moving average of C$41.55.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATS. TD raised their price target on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada decreased their price objective on 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 target price on ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 28th. Finally, Desjardins set a C$52.00 target price on ATS and gave the company a “buy” rating in a research report on Wednesday, June 17th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$50.43.

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, 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.