James Armstrong Sells 781 Shares of ATCO Ltd. (TSE:ACO.X) Stock

ATCO Ltd. (TSE:ACO.X) Senior Officer James Armstrong sold 781 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$51.40, for a total transaction of C$40,143.40. Following the transaction, the insider now directly owns 101 shares in the company, valued at C$5,191.40. The trade was a 88.55% decrease in their ownership of the stock.

ATCO Price Performance

Shares of ATCO stock opened at C$50.69 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The firm has a fifty day simple moving average of C$49.49 and a 200-day simple moving average of C$48.31. The stock has a market capitalization of C$5.06 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a 1-year low of C$38.13 and a 1-year high of C$52.23.

Analysts Set New Price Targets

A number of brokerages have commented on ACO.X. CIBC boosted their target price on ATCO from C$59.00 to C$62.00 in a research note on Friday, April 4th. Royal Bank of Canada raised their price target on shares of ATCO from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Scotiabank lifted their price objective on shares of ATCO from C$49.00 to C$51.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th.

About ATCO

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.