James Armstrong Sells 781 Shares of ATCO Ltd. (TSE:ACO.X) Stock

ATCO Ltd. (TSE:ACO.X) Senior Officer James Armstrong sold 781 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$51.40, for a total transaction of C$40,143.40. Following the completion of the transaction, the insider now owns 101 shares of the company’s stock, valued at C$5,191.40. This trade represents a 88.55% decrease in their ownership of the stock.

ATCO Trading Down 0.6%

ATCO stock opened at C$50.69 on Monday. The firm has a market cap of C$5.06 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a 1 year low of C$38.13 and a 1 year high of C$52.23. The firm’s 50 day moving average price is C$49.49 and its two-hundred day moving average price is C$48.31. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Analysts Set New Price Targets

A number of brokerages have issued reports on ACO.X. Royal Bank of Canada increased their price target on ATCO from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Thursday. CIBC upped their price objective on ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th. Finally, Scotiabank raised their target price on ATCO from C$49.00 to C$51.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th.

ATCO Company Profile

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.