Insider Buying: ATCO Ltd. (TSE:ACO.X) Insider Buys 400 Shares of Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. bought 400 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of C$48.26 per share, for a total transaction of C$19,304.00.

ATCO Stock Performance

ACO.X traded down C$0.29 on Friday, hitting C$47.97. 41,747 shares of the company traded hands, compared to its average volume of 226,021. The company has a 50 day moving average of C$47.19 and a 200-day moving average of C$47.28. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The stock has a market capitalization of C$4.78 billion, a PE ratio of 14.03, a PEG ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a 12-month low of C$35.56 and a 12-month high of C$50.67.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. CIBC lifted their price objective on ATCO from C$58.00 to C$59.00 in a research note on Friday, February 28th. Royal Bank of Canada lifted their price target on ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. Finally, Scotiabank lifted their price target on ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ATCO has an average rating of “Hold” and an average target price of C$51.70.

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.