ATCO Ltd. (TSE:ACO.X) Senior Officer P. Derek Cook Sells 500 Shares

ATCO Ltd. (TSE:ACO.X) Senior Officer P. Derek Cook sold 500 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$48.80, for a total transaction 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 stock was sold at an average price of C$47.86, for a total transaction of C$19,144.00.

ATCO Price Performance

Shares of TSE:ACO.X opened at C$49.05 on Friday. ATCO Ltd. has a 52 week low of C$35.56 and a 52 week high of C$50.67. The company has a 50-day moving average price of C$47.57 and a 200 day moving average price of C$47.56. The company has a market cap of C$4.89 billion, a P/E ratio of 14.34, a PEG ratio of 3.80 and a beta of 0.74. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.

Analysts Set New Price Targets

Several analysts have commented on ACO.X shares. CIBC upped their price objective on ATCO from C$58.00 to C$59.00 in a research note on Friday, February 28th. Scotiabank upped their price target on ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, ATCO 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.