Insider Selling: ATS (TSE:ATS) Insider Sells C$201,185.10 in Stock

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

ATS Stock Performance

ATS stock opened at C$37.51 on Friday. The stock’s 50 day simple moving average is C$43.40 and its two-hundred day simple moving average is C$41.03. The stock has a market cap of C$3.64 billion, a price-to-earnings ratio of 51.38 and a beta of 1.20. ATS Co. has a fifty-two week low of C$33.72 and a fifty-two week high of C$49.48.

ATS (TSE:ATS) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$0.36 earnings per share for the quarter. The business 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%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATS. Scotiabank lifted their price objective on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 28th. TD lifted their price objective on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada dropped their price target 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 equities research analysts have rated the stock with a Buy rating, According to data from 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.