Doug Wright Buys 8,300 Shares of ATS (TSE:ATS) Stock

ATS Co. (TSE:ATS) insider Doug Wright acquired 8,300 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of C$41.44 per share, for a total transaction of C$343,952.00. Following the completion of the purchase, the insider owned 16,900 shares of the company’s stock, valued at C$700,336. This trade represents a 96.51% increase in their position.

Doug Wright also recently made the following trade(s):

• On Monday, March 9th, Doug Wright bought 8,600 shares of ATS stock. The stock was acquired at an average cost of C$40.20 per share, with a total value of C$345,720.00.

ATS Stock Performance

Shares of ATS opened at C$37.77 on Friday. ATS Co. has a fifty-two week low of C$29.81 and a fifty-two week high of C$45.12. The firm has a 50-day simple moving average of C$41.38 and a 200-day simple moving average of C$38.77. The company has a market capitalization of C$3.66 billion, a price-to-earnings ratio of 198.79 and a beta of 0.87.

ATS (TSE:ATS) last issued its quarterly earnings results on Wednesday, February 4th. The company reported C$0.48 earnings per share (EPS) for the quarter. The firm had revenue of C$760.65 million for the quarter. ATS had a return on equity of 1.09% and a net margin of 0.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATS. National Bank Financial upped their price target on ATS from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, December 15th. TD Securities lifted their price objective on shares of ATS from C$46.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Scotiabank boosted their price objective on shares of ATS from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$49.60.

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.