ATCO Ltd. (TSE:ACO.X) Senior Officer Sells C$24,400.00 in Stock

ATCO Ltd. (TSE:ACO.X) Senior Officer P. Derek Cook sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$48.80, for a total value of C$24,400.00.

P. Derek Cook also recently made the following trade(s):

• On Monday, March 3rd, P. Derek Cook sold 400 shares of ATCO stock. The shares were sold at an average price of C$47.86, for a total value of C$19,144.00.

ATCO Stock Performance

ATCO stock traded down C$0.37 during midday trading on Wednesday, hitting C$49.25. The company’s stock had a trading volume of 81,785 shares, compared to its average volume of 242,970. The company has a 50-day moving average price of C$47.46 and a two-hundred day moving average price of C$47.50. ATCO Ltd. has a 1-year low of C$35.56 and a 1-year high of C$50.67. The company has a market cap of C$4.91 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Wall Street Analysts Forecast Growth

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