Insider Buying: ATCO Ltd. (TSE:ACO.X) Insider Acquires 59,200 Shares of Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. bought 59,200 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of C$42.00 per share, for a total transaction of C$2,486,400.00.

ATCO Price Performance

TSE:ACO.X opened at C$38.47 on Thursday. ATCO Ltd. has a 52 week low of C$32.90 and a 52 week high of C$41.17. The company has a quick ratio of 1.48, a current ratio of 1.18 and a debt-to-equity ratio of 128.41. The stock has a market capitalization of C$3.84 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67. The stock’s 50-day moving average price is C$39.18 and its 200-day moving average price is C$38.16.

Analyst Ratings Changes

Several equities analysts recently issued reports on ACO.X shares. Royal Bank of Canada upped their target price on ATCO from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. National Bankshares increased their price target on ATCO from C$38.00 to C$39.00 in a research report on Friday, May 3rd. Scotiabank increased their price target on ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. CIBC increased their price target on ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets increased their price target on ATCO from C$50.00 to C$50.50 in a research report on Friday, May 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.92.

ATCO Company Profile

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.