Insider Buying: ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) Insider Buys C$270,000.00 in Stock

ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) insider Sentgraf Enterprises Ltd. acquired 6,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of C$45.00 per share, with a total value of C$270,000.00. Following the acquisition, the insider now owns 11,453,520 shares in the company, valued at C$515,408,400.

Shares of ACO.X stock opened at C$45.57 on Friday. The stock has a market cap of $4.65 billion and a PE ratio of 10.06. The business has a 50-day simple moving average of C$44.31 and a 200-day simple moving average of C$44.76. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 129.75. ATCO LTD -CLASS I Common Stock has a 52-week low of C$34.95 and a 52-week high of C$47.02.

Several equities analysts have recently issued reports on ACO.X shares. CIBC boosted their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$47.00 to C$48.00 in a report on Friday, April 26th. Royal Bank of Canada raised ATCO LTD -CLASS I Common Stock (US funds) from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from C$45.00 to C$48.00 in a report on Friday, June 28th. TD Securities boosted their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$52.00 to C$55.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, BMO Capital Markets boosted their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$47.00 to C$48.00 in a report on Wednesday, June 26th.

About ATCO LTD -CLASS I Common Stock (US funds)

ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. The company operates through Canadian Utilities Limited, Structures & Logistics, Neltume Ports, and Corporate & Other segments. The Canadian Utilities Limited segment provides electricity services, such as electricity generation, transmission, distribution, and other related infrastructure solutions; and pipelines and liquid services that include integrated natural gas transmission, distribution and storage, industrial water solutions, and related infrastructure development, as well as retails natural gas and electricity.

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