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

ATS Co. (TSE:ATS) insider Doug Wright bought 8,600 shares of ATS stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of C$40.20 per share, with a total value of C$345,720.00. Following the completion of the acquisition, the insider owned 8,600 shares of the company’s stock, valued at C$345,720. The trade was a ∞ increase in their position.

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

• On Wednesday, March 11th, Doug Wright acquired 8,300 shares of ATS stock. The shares were acquired at an average cost of C$41.44 per share, with a total value of C$343,952.00.

ATS Trading Down 4.6%

TSE ATS traded down C$1.85 on Thursday, hitting C$38.60. 99,071 shares of the company traded hands, compared to its average volume of 200,833. The business’s 50 day moving average price is C$41.38 and its 200-day moving average price is C$38.77. ATS Co. has a 52-week low of C$29.81 and a 52-week high of C$45.12. The company has a market capitalization of C$3.74 billion, a price-to-earnings ratio of 203.16 and a beta of 0.87.

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

Analyst Ratings Changes

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

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.