ATS (TSE:ATS) Insider Miroslav Kafedzhiev Purchases 4,737 Shares

ATS Co. (TSE:ATS) insider Miroslav Kafedzhiev bought 4,737 shares of the stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of C$39.12 per share, for a total transaction of C$185,311.44. Following the acquisition, the insider directly owned 4,737 shares in the company, valued at approximately C$185,311.44. The trade was a ∞ increase in their ownership of the stock.

ATS Stock Down 1.8%

Shares of TSE ATS opened at C$38.52 on Thursday. ATS Co. has a 12 month low of C$33.72 and a 12 month high of C$49.48. The company has a market cap of C$3.74 billion, a P/E ratio of 52.77 and a beta of 1.20. The business’s 50 day moving average is C$42.02 and its two-hundred day moving average is C$41.54.

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 company 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 Upgrades and Downgrades

Several research firms have issued reports on ATS. TD raised their price target 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. Scotiabank upped their price objective on shares of 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. Royal Bank Of Canada cut 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 report on Friday, May 29th. Finally, 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. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$50.43.

ATS News Roundup

Here are the key news stories impacting ATS this week:

• Positive Sentiment: Multiple ATS insiders bought shares on July 7, including Jeff Adamson, Angella Alexander, Anne Cybulski, Steve Emery, and Miroslav Kafedzhiev. The purchases were made around C$39.12 per share in several cases, suggesting confidence in the company’s outlook and potentially helping support investor sentiment. ATS insider buying report
• Neutral Sentiment: The insider purchases were relatively small in dollar terms individually, so while they are constructive, they may not be enough on their own to meaningfully change near-term fundamentals or the stock’s direction. ATS insider buying report

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.