ATS (TSE:ATS) Insider Doug Wright Acquires 8,600 Shares

Key Points

• Insider purchases: Director Doug Wright bought 8,600 shares on March 9 at C$40.20 and 8,300 shares on March 11 at C$41.44, totaling 16,900 shares worth about C$689,672.
• The stock was trading at C$38.60 (down C$1.85) — below the insider's purchase prices — with a 1‑year range of C$29.81–C$45.12 and a market cap of C$3.74 billion.
• Analyst sentiment: ATS has a consensus "Buy" rating with a consensus target price of C$49.60 and recent price-target increases from TD, National Bank Financial, and Scotiabank.

ATS Co. (TSE:ATS - Get Free Report) insider Doug Wright acquired 8,600 shares of ATS stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of C$40.20 per share, with a total value of C$345,720.00. Following the transaction, the insider owned 8,600 shares in the company, valued at approximately C$345,720. This trade represents a ∞ increase in their ownership of the stock.

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

• On Wednesday, March 11th, Doug Wright purchased 8,300 shares of ATS stock. The shares were purchased at an average price of C$41.44 per share, for a total transaction of C$343,952.00.

ATS Stock Performance

TSE:ATS traded down C$1.85 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's fifty day simple moving average is C$41.38 and its two-hundred day simple moving average is C$38.77. The stock has a market cap of C$3.74 billion, a P/E ratio of 203.16 and a beta of 0.87.

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

Analyst Ratings Changes

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