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

ATS Co. (TSE:ATS) insider Giuseppe (Joe) Tassone sold 4,842 shares of the business’s 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 completion of the sale, the insider owned 7,026 shares of the company’s stock, valued at C$291,930.30. This trade represents a 40.80% decrease in their ownership of the stock.

ATS Stock Performance

Shares of TSE ATS traded down C$1.04 during trading on Wednesday, reaching C$40.35. The stock had a trading volume of 84,957 shares, compared to its average volume of 234,918. ATS Co. has a one year low of C$33.72 and a one year high of C$49.48. The stock has a market cap of C$3.91 billion, a PE ratio of 55.27 and a beta of 1.20. The firm’s 50 day moving average price is C$43.57 and its two-hundred day moving average price is C$40.99.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank Of Canada decreased their price target on ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. TD raised their target price on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Scotiabank raised their target price on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 28th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$50.17.

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.