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

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. purchased 5,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of C$49.25 per share, for a total transaction of C$246,250.00.

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

• On Friday, December 6th, Sentgraf Enterprises Ltd. acquired 7,400 shares of ATCO stock. The shares were bought at an average price of C$49.00 per share, for a total transaction of C$362,600.00.
• On Friday, September 27th, Sentgraf Enterprises Ltd. purchased 1,000 shares of ATCO stock. The stock was bought at an average cost 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 bought 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. purchased 1,000 shares of ATCO stock. The shares were purchased at an average price of C$45.65 per share, for a total transaction of C$45,650.00.

ATCO Price Performance

TSE:ACO.X opened at C$48.40 on Thursday. The company has a market capitalization of C$4.83 billion, a P/E ratio of 14.15, a P/E/G ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a 52 week low of C$35.56 and a 52 week high of C$50.67. The stock’s fifty day moving average is C$48.38 and its two-hundred day moving average is C$44.14. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.

Analyst Ratings Changes

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