ATS (TSE:ATS) Insider Doug Wright Acquires 8,300 Shares

Key Points

• Doug Wright bought 8,300 shares on March 11 at C$41.44 (C$343,952) after purchasing 8,600 shares on March 9, bringing his direct holdings to 16,900 shares — a 96.51% increase in his position.
• Analysts have recently raised targets (National Bank to C$57, TD to C$48, Scotiabank to C$48), leaving a consensus target of C$49.60 and five analysts rating the stock "Buy".
• Shares traded at C$38.60 (down C$1.85) and sit below the 50‑day moving average of C$41.38; ATS has a market cap of C$3.74 billion and a high P/E of 203.16, indicating stretched valuation relative to modest margins.

ATS Co. (TSE:ATS - Get Free Report) insider Doug Wright acquired 8,300 shares of the company's stock in a transaction dated Wednesday, March 11th. The shares were bought at an average price of C$41.44 per share, for a total transaction of C$343,952.00. Following the acquisition, the insider directly owned 16,900 shares of the company's stock, valued at approximately C$700,336. This trade represents a 96.51% increase in their position.

Doug Wright also recently made the following trade(s):

• On Monday, March 9th, Doug Wright acquired 8,600 shares of ATS stock. The shares were bought at an average cost of C$40.20 per share, for a total transaction of C$345,720.00.

ATS Price Performance

Shares of ATS traded down C$1.85 during trading hours on Thursday, hitting C$38.60. The stock had a trading volume of 99,071 shares, compared to its average volume of 200,833. ATS Co. has a 1-year low of C$29.81 and a 1-year high of C$45.12. The firm has a market capitalization of C$3.74 billion, a P/E ratio of 203.16 and a beta of 0.87. The firm has a 50 day simple moving average of C$41.38 and a 200-day simple moving average of C$38.77.

ATS (TSE:ATS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported C$0.48 earnings per share for the quarter. The business had revenue of C$760.65 million for the quarter. ATS had a return on equity of 1.09% and a net margin of 0.67%.

Analysts Set New Price Targets

ATS has been the topic of a number of recent research reports. National Bank Financial increased their target price on ATS from C$54.00 to C$57.00 and gave the stock an "outperform" rating in a report on Monday, December 15th. TD Securities boosted their price target on shares of ATS from C$46.00 to C$48.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Finally, Scotiabank upped their price objective on shares of ATS from C$47.00 to C$48.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$49.60.

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.

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