ATS (TSE:ATS) Insider Steve Emery Purchases 417 Shares of Stock

ATS Co. (TSE:ATS) insider Steve Emery acquired 417 shares of ATS stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of C$39.12 per share, with a total value of C$16,313.04. Following the purchase, the insider directly owned 4,958 shares of the company’s stock, valued at approximately C$193,956.96. This trade represents a 9.18% increase in their ownership of the stock.

ATS Price Performance

Shares of TSE:ATS opened at C$38.52 on Thursday. The business’s 50 day simple moving average is C$42.02 and its 200-day simple moving average is C$41.54. The firm has a market capitalization 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) last posted its earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$744.30 million for the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

Key Headlines Impacting ATS

Here are the key news stories impacting ATS this week:

• Positive Sentiment: Several ATS insiders bought stock on July 7, including Jeff Adamson and Angella Alexander, in a sign that management may see value at current levels. ATS insider buying alert
• Positive Sentiment: Angella Alexander increased her stake by 70.82%, while other insiders also boosted their holdings, reinforcing the idea that leadership is aligning with shareholders. ATS insider trades report
• Neutral Sentiment: The insider purchases were relatively small in dollar terms overall, so they are supportive for sentiment but may not materially change near-term fundamentals on their own. ATS stock page

Wall Street Analysts Forecast Growth

Several research firms have commented on ATS. Royal Bank Of Canada lowered their target price on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Scotiabank lifted their price target on shares of ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 28th. Desjardins set a C$52.00 target price on shares of ATS and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, TD lifted their price objective on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.