ATCO Ltd. (TSE:ACO.X) Insider Purchases C$246,250.00 in Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. acquired 5,000 shares of the stock in a transaction on Monday, December 9th. The stock was bought at an average price of C$49.25 per share, with a total value of C$246,250.00.

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

• On Friday, December 6th, Sentgraf Enterprises Ltd. bought 7,400 shares of ATCO stock. The stock was purchased at an average cost of C$49.00 per share, with a total value of C$362,600.00.
• On Friday, September 27th, Sentgraf Enterprises Ltd. purchased 1,000 shares of ATCO stock. The shares were purchased at an average price of C$48.50 per share, for a total transaction of C$48,500.00.
• On Wednesday, September 25th, Sentgraf Enterprises Ltd. acquired 10,000 shares of ATCO stock. The stock was purchased at an average price of C$47.50 per share, with a total value of C$475,000.00.
• On Monday, September 23rd, Sentgraf Enterprises Ltd. bought 1,000 shares of ATCO stock. The stock was acquired at an average cost of C$45.65 per share, for a total transaction of C$45,650.00.

ATCO Price Performance

Shares of TSE ACO.X opened at C$48.90 on Wednesday. The company has a 50 day moving average of C$48.33 and a 200 day moving average of C$44.09. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. ATCO Ltd. has a twelve month low of C$35.56 and a twelve month high of C$50.67. The firm has a market cap of C$4.88 billion, a P/E ratio of 14.30, a PEG ratio of 3.80 and a beta of 0.74.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of ATCO from C$50.00 to C$51.00 in a research note on Friday, November 15th. National Bankshares upped their price target on ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Scotiabank lifted their price objective on ATCO from C$45.00 to C$49.00 in a research note on Friday, November 15th. CIBC cut their target price on ATCO from C$59.00 to C$58.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets raised their price target on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ATCO has a consensus rating of “Hold” and an average target price of C$51.10.

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.