Angella Alexander Purchases 915 Shares of ATS (TSE:ATS) Stock

ATS Co. (TSE:ATS) insider Angella Alexander bought 915 shares of the stock in a transaction on Tuesday, July 7th. The shares were bought at an average price of C$39.12 per share, with a total value of C$35,794.80. Following the acquisition, the insider owned 2,207 shares of the company’s stock, valued at C$86,337.84. This trade represents a 70.82% increase in their ownership of the stock.

ATS Stock Up 2.0%

Shares of ATS stock opened at C$39.29 on Friday. The firm’s 50 day moving average price is C$41.93 and its 200-day moving average price is C$41.55. The company has a market cap of C$3.81 billion, a P/E ratio of 53.82 and a beta of 1.20. ATS Co. has a 52-week low of C$33.72 and a 52-week high of C$49.48.

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

Analyst Upgrades and Downgrades

ATS has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered 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. Desjardins set a C$52.00 price objective on ATS and gave the company a “buy” rating in a research note on Wednesday, June 17th. Scotiabank raised their price objective on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. Finally, TD lifted their target price on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$50.43.

ATS News Summary

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, Steve Emery, Anne Cybulski, and Miroslav Kafedzhiev, suggesting confidence in the company’s outlook and current valuation. ATS insider buying alert
• Positive Sentiment: Angella Alexander’s purchase stood out as a large percentage increase in her holdings, and other executives also meaningfully increased their positions, reinforcing a shareholder-aligned message. ATS insider trades report
• Neutral Sentiment: The buying was relatively small in absolute dollar terms, so while it may support sentiment, it is unlikely by itself to materially change ATS’s fundamentals or near-term earnings outlook. ATS stock page

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.