Insider Selling: ATS Automation Tooling Systems Inc. (TSE:ATA) Senior Officer Sells C$1,284,631.05 in Stock

ATS Automation Tooling Systems Inc. (TSE:ATA) Senior Officer Maria Perrella sold 80,305 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of C$16.00, for a total transaction of C$1,284,631.05. Following the sale, the insider now owns 47,775 shares in the company, valued at approximately C$764,251.90.

TSE ATA opened at C$15.74 on Friday. ATS Automation Tooling Systems Inc. has a 12 month low of C$14.27 and a 12 month high of C$22.38. The stock has a market cap of $1.49 billion and a price-to-earnings ratio of 25.39. The company’s 50 day moving average is C$18.08 and its two-hundred day moving average is C$19.21. The company has a current ratio of 1.62, a quick ratio of 1.37 and a debt-to-equity ratio of 46.98.

ATS Automation Tooling Systems (TSE:ATA) last released its earnings results on Wednesday, February 5th. The company reported C$0.26 EPS for the quarter, topping analysts’ consensus estimates of C$0.21 by C$0.05. The firm had revenue of C$367.20 million for the quarter, compared to the consensus estimate of C$361.45 million. Sell-side analysts forecast that ATS Automation Tooling Systems Inc. will post 1.1200001 EPS for the current year.

A number of equities research analysts have commented on ATA shares. National Bank Financial upgraded shares of ATS Automation Tooling Systems from a “sector perform” rating to an “outperform” rating and set a C$22.50 target price on the stock in a research note on Monday, February 10th. Scotiabank raised their target price on shares of ATS Automation Tooling Systems from C$23.50 to C$26.00 in a research note on Wednesday, December 18th. Finally, TD Securities raised their target price on shares of ATS Automation Tooling Systems from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th.

About ATS Automation Tooling Systems

ATS Automation Tooling Systems Inc provides factory automation solutions worldwide. The company is involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. Its products include ATS Supertrak, a modular conveyor system; ATS OmniTrak optimal solution; LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations; Sortimat Clearliner, a tray handler for clean room requirement; Sortimat Workliner tray handling technology; Sortimat Birkman, a feeder technology for sorting, transporting, and separating parts; ATS Cortex system, a vision device that reduces integration time with standardized hardware and software; and ATS SmartVision software, a PC-based vision system.

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