Insider Selling: ATCO Ltd. (TSE:ACO.X) Senior Officer Sells 1,000 Shares of Stock

ATCO Ltd. (TSE:ACO.X) Senior Officer James Landon sold 1,000 shares of ATCO stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of C$49.80, for a total value of C$49,800.00.

ATCO Stock Performance

TSE ACO.X opened at C$49.94 on Friday. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The stock’s fifty day moving average is C$47.62 and its two-hundred day moving average is C$47.59. The firm has a market capitalization of C$4.98 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a fifty-two week low of C$35.56 and a fifty-two week high of C$50.67.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACO.X. CIBC lifted their target price on shares of ATCO from C$58.00 to C$59.00 in a research note on Friday, February 28th. Scotiabank boosted their price target on shares of ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, ATCO presently has a consensus rating of “Hold” and a consensus price target 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.