Insider Buying: ATS (TSE:ATS) Insider Purchases C$35,794.80 in Stock

ATS Co. (TSE:ATS) insider Angella Alexander bought 915 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of C$39.12 per share, with a total value of C$35,794.80. Following the completion of the transaction, the insider directly owned 2,207 shares in the company, valued at approximately C$86,337.84. This represents a 70.82% increase in their position.

ATS Stock Performance

Shares of TSE ATS traded down C$0.69 during trading hours on Wednesday, hitting C$38.52. 258,086 shares of the stock were exchanged, compared to its average volume of 259,960. The company’s fifty day simple moving average is C$42.02 and its two-hundred day simple moving average is C$41.54. The company has a market cap of C$3.74 billion, a PE ratio of 52.77 and a beta of 1.20. ATS Co. has a 1-year low of C$33.72 and a 1-year high of C$49.48.

ATS (TSE:ATS) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$0.36 EPS for the quarter. ATS had a net margin of 2.41% and a return on equity of 4.08%. The business had revenue of C$744.30 million during the quarter.

Analyst Ratings Changes

ATS has been the topic of a number of recent analyst reports. 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. Scotiabank lifted their price target on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. TD increased their price objective on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, 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 on the stock in a research report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ATS has an average rating of “Buy” and a consensus price target of C$50.43.

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.