Angella Alexander Acquires 915 Shares of ATS (TSE:ATS) Stock

Key Points

• Insider buying: ATS insider Angella Alexander bought 915 shares on July 7 at C$39.12 each, a C$35,794.80 transaction that increased her position by 70.82% to 2,207 shares.
• Stock performance: ATS shares fell 1.8% to C$38.52, trading near their 50-day and 200-day moving averages and within a 12-month range of C$33.72 to C$49.48.
• Analyst outlook: Wall Street sentiment remains positive, with seven analysts rating ATS a Buy and a consensus target price of C$50.43, while recent firms mostly raised or maintained bullish targets.

ATS Co. (TSE:ATS - Get Free Report) insider Angella Alexander purchased 915 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of C$39.12 per share, for a total transaction of C$35,794.80. Following the purchase, the insider owned 2,207 shares in the company, valued at C$86,337.84. This trade represents a 70.82% increase in their position.

ATS Stock Down 1.8%

Shares of ATS traded down C$0.69 during trading hours on Wednesday, hitting C$38.52. The company had a trading volume of 258,086 shares, compared to its average volume of 259,960. The business has a fifty day moving average of C$42.02 and a 200-day moving average of C$41.54. The firm has a market cap of C$3.74 billion, a price-to-earnings ratio of 52.77 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.

ATS (TSE:ATS - Get Free Report) last announced its earnings results 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

Several analysts recently issued reports on the company. TD boosted their price target on ATS from C$48.00 to C$49.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Desjardins set a C$52.00 price objective on ATS and gave the stock a "buy" rating in a research report on Wednesday, June 17th. Royal Bank Of Canada dropped their target price on ATS from C$51.00 to C$50.00 and set an "outperform" rating for the company in a report on Friday, May 29th. Finally, Scotiabank upped 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 research note on Tuesday, April 28th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.