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 shares were sold at an average price of C$41.55, for a total transaction of C$201,185.10. Following the sale, the insider directly owned 7,026 shares of the company’s stock, valued at C$291,930.30. This represents a 40.80% decrease in their ownership of the stock.

ATS Stock Down 2.9%

ATS stock opened at C$40.18 on Thursday. The company has a market cap of C$3.90 billion, a price-to-earnings ratio of 55.04 and a beta of 1.20. The business has a fifty day simple moving average of C$43.53 and a 200-day simple moving average of C$41.03. ATS Co. has a 52 week low of C$33.72 and a 52 week high of C$49.48.

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

Analyst Ratings Changes

ATS has been the subject of a number of research analyst reports. Scotiabank increased their target price on shares of 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. Royal Bank Of Canada decreased their price objective 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. Finally, TD increased their price objective on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$50.17.

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.