Insider Buying: ATCO Ltd. (TSE:ACO.X) Insider Purchases C$475,000.00 in Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was bought at an average cost of C$47.50 per share, for a total transaction of C$475,000.00.

Sentgraf Enterprises Ltd. also recently made the following trade(s):

• On Monday, September 23rd, Sentgraf Enterprises Ltd. bought 1,000 shares of ATCO stock. The stock was purchased at an average price of C$45.65 per share, for a total transaction of C$45,650.00.

ATCO Stock Up 0.1 %

Shares of ACO.X opened at C$48.23 on Friday. The company’s 50-day moving average price is C$44.02 and its 200 day moving average price is C$40.52. ATCO Ltd. has a 12-month low of C$32.90 and a 12-month high of C$48.72. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The firm has a market cap of C$4.81 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 3.80 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACO.X. National Bankshares increased their price objective on ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Scotiabank increased their target price on shares of ATCO from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. CIBC boosted their price target on shares of ATCO from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. BMO Capital Markets increased their price objective on shares of ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Finally, Royal Bank of Canada raised their target price on shares of ATCO from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$48.08.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.