ATS (TSE:ATS) Insider Jeff Adamson Buys 953 Shares of Stock

ATS Co. (TSE:ATS) insider Jeff Adamson acquired 953 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, with a total value of C$37,281.36. Following the completion of the purchase, the insider owned 6,199 shares in the company, valued at approximately C$242,504.88. This represents a 18.17% increase in their ownership of the stock.

ATS Trading Down 1.8%

ATS stock opened at C$38.52 on Thursday. The firm has a market capitalization of C$3.74 billion, a P/E ratio of 52.77 and a beta of 1.20. The stock has a fifty day moving average price of C$42.02 and a 200 day moving average price of C$41.54. ATS Co. has a 52 week low of C$33.72 and a 52 week high of C$49.48.

ATS (TSE:ATS) last issued 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 for the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

Trending Headlines about ATS

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

Wall Street Analyst Weigh In

ATS has been the topic of a number of recent analyst reports. TD increased 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 note on Friday, May 29th. Royal Bank Of Canada cut their target price 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. Scotiabank lifted their target price 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, Desjardins set a C$52.00 price target on ATS and gave the company a “buy” rating in a research report on Wednesday, June 17th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ATS currently has a consensus rating of “Buy” and a consensus price target of C$50.43.

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.