ATS (TSE:ATS) Insider Giuseppe (Joe) Tassone Sells 4,842 Shares

ATS Co. (TSE:ATS) insider Giuseppe (Joe) Tassone sold 4,842 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$41.55, for a total value of C$201,185.10. Following the completion of the sale, the insider directly owned 7,026 shares in the company, valued at C$291,930.30. This represents a 40.80% decrease in their position.

ATS Price Performance

Shares of ATS traded down C$1.04 during midday trading on Wednesday, reaching C$40.35. The stock had a trading volume of 84,957 shares, compared to its average volume of 234,918. ATS Co. has a 52 week low of C$33.72 and a 52 week high of C$49.48. The firm’s 50 day moving average price is C$43.57 and its 200-day moving average price is C$40.99. The company has a market capitalization of C$3.91 billion, a P/E ratio of 55.27 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ATS. Scotiabank boosted their target price on ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, April 28th. TD boosted their target price on ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada cut their target price on 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. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$50.17.

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.