Jeff Adamson Acquires 953 Shares of ATS (TSE:ATS) Stock

ATS Co. (TSE:ATS) insider Jeff Adamson acquired 953 shares of ATS stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of C$39.12 per share, for a total transaction 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. The trade was a 18.17% increase in their position.

ATS Trading Up 2.0%

ATS stock opened at C$39.29 on Friday. The stock has a 50-day moving average price of C$41.93 and a 200-day moving average price of C$41.55. ATS Co. has a 1-year low of C$33.72 and a 1-year high of C$49.48. The firm has a market cap of C$3.81 billion, a PE ratio of 53.82 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ATS shares. TD raised their price objective on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada lowered their target price on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Scotiabank raised their price target on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 28th. Finally, Desjardins set a C$52.00 price target on shares of ATS and gave the stock a “buy” rating in a report on Wednesday, June 17th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$50.43.

Key Stories Impacting 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, Steve Emery, Anne Cybulski, and Miroslav Kafedzhiev, suggesting confidence in the company’s outlook and current valuation. ATS insider buying alert
• Positive Sentiment: Angella Alexander’s purchase stood out as a large percentage increase in her holdings, and other executives also meaningfully increased their positions, reinforcing a shareholder-aligned message. ATS insider trades report
• Neutral Sentiment: The buying was relatively small in absolute dollar terms, so while it may support sentiment, it is unlikely by itself to materially change ATS’s fundamentals or near-term earnings outlook. ATS stock page

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.