Atlas Corp. operates as an asset manager and operator. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships. The company charters its containerships under long-term and fixed-rate time charters to various container liner companies. As of March 10, 2020, it operated a fleet of 118 containerships. It also provides fast-track mobile turbine power to various industries. In addition, the company plans, finances, constructs, and commissions permanent power plants. Further, it provides customized turnkey solutions comprising plant design, fast-track installation, balance of plant, and decommissioning. Atlas Corp. was incorporated in 2019 and is based in Vancouver, Canada.
IPO Year:
Exchange: NYSE
Website: atlascorporation.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/11/2022 | $17.00 → $14.45 | Outperform → Market Perform | BMO Capital Markets |
| 5/27/2022 | Outperform → Neutral | Credit Suisse | |
| 2/17/2022 | $14.50 | Neutral → Underperform | BofA Securities |
| 2/17/2022 | Neutral → Underperform | B of A Securities | |
| 11/18/2021 | Neutral → Outperform | Credit Suisse | |
| 10/6/2021 | $16.00 | Neutral | Citigroup |
6-K - Atlas Corp. (0001794846) (Filer)
6-K - Atlas Corp. (0001794846) (Filer)
6-K - Atlas Corp. (0001794846) (Filer)
25-NSE - Atlas Corp. (0001794846) (Subject)
6-K - Atlas Corp. (0001794846) (Filer)
6-K - Atlas Corp. (0001794846) (Filer)
6-K - Atlas Corp. (0001794846) (Filer)
6-K - Atlas Corp. (0001794846) (Filer)
EFFECT - Atlas Corp. (0001794846) (Filer)
EFFECT - Atlas Corp. (0001794846) (Filer)
BMO Capital Markets downgraded Atlas Corp from Outperform to Market Perform and set a new price target of $14.45 from $17.00 previously
Credit Suisse downgraded Atlas Corp from Outperform to Neutral
BofA Securities downgraded Atlas Corp from Neutral to Underperform and set a new price target of $14.50
B of A Securities downgraded Atlas from Neutral to Underperform
Credit Suisse upgraded Atlas Corp from Neutral to Outperform
Citigroup resumed coverage of Atlas Corp with a rating of Neutral and set a new price target of $16.00
Jefferies reiterated coverage of Atlas with a rating of Hold and set a new price target of $16.00 from $13.50 previously
Credit Suisse downgraded Atlas from Outperform to Neutral and set a new price target of $46.50 from $45.00 previously
Jefferies Financial Group reiterated coverage of Atlas with a rating of Hold and set a new price target of $13.50 from $11.00 previously
Citigroup reiterated coverage of Atlas with a rating of and set a new price target of $15.00 from $11.00 previously
LONDON and TORONTO, March 28, 2023 (GLOBE NEWSWIRE) -- Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) and Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd. ("ONE"), and certain of their respective affiliates, today announced the completion of the previously announced transaction pursuant to which Poseidon acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Mr. Sokol. Pursuant to the terms of the Agreement and Plan of Merger, da
LONDON, UK, March 28, 2023 /PRNewswire/ - Seaspan Corporation ("Seaspan"), a wholly owned subsidiary of Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO), today announced that the Company and Poseidon Acquisition Corp. ("Poseidon") an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd., and certain of their respective affiliates, completed the previously announced transaction pursuant to which Poseidon acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Mr. Sokol. Pursuant to t
LONDON and TORONTO, March 28, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) and Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd. ("ONE"), and certain of their respective affiliates, today announced the completion of the previously announced transaction pursuant to which Poseidon acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Mr. Sokol. Pursuant to the terms of the Agreement and Plan of Merger, dated Oct
LONDON, UK, March 16, 2023 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE:ATCO) today announced that it has filed its 2022 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2022, with the Securities and Exchange Commission on EDGAR. These documents will also be available under the Investor Relations section of our website, and a hard copy will be provided to shareholders free of charge upon written request to [email protected]. About Atlas Atlas is a leading global asset management company, differentiated by its position
LONDON, UK, March 13, 2023 /CNW/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows: Security Ticker Dividend per Share Period Record Date Payment Date Common ATCO $0.125000 January 1, 2023 –March 31, 2023 March 20, 2023 March 31, 2023 Series D Preferred ATCO PD $0.496875 January 30, 2023 – April 29, 2023 April 28, 2023 May 1, 2023 Series H Preferred ATCO PH $0.492188 January 30, 2023 –April 29, 2023 April 28, 2023 May 1, 2023 Series
LONDON, UK, Feb. 24, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) today announced that, at its annual meeting of shareholders held today, February 24, 2023 (the "Annual Meeting"), its shareholders approved by the required votes the proposal to adopt and approve the Agreement and Plan of Merger (the "Merger Agreement") by and among Atlas, Poseidon Acquisition Corp. ("Poseidon") and Poseidon Merger Sub, Inc. and the transactions contemplated by the Merger Agreement, including the merger with Poseidon (the "Merger Proposal"). In accordance with the req
Strong financial results exceed FY2022 Revenue and EBITDA guidanceContinued successful execution of newbuild program and optimization of capital structure LONDON, UK, Feb. 15, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) announced today its results for the quarter ended December 31, 2022. Financial Highlights: Fourth quarter 2022 financial performance compared to fourth quarter 2021:Revenue increase of 1.9% to $436.4 millionNet earnings of $127.2 million and Diluted EPS of $0.38Adjusted earnings(1)(2) of $111.7 million and Adjusted diluted EPS of $0.38Adjusted EBITDA(1) increase of 1.5% to $287.7 millionRobust balance sheet with liquidity of $980.0 million, total
LONDON, UK, Feb. 9, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) today announced that leading independent proxy advisory firms Institutional Shareholder Services, Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), recommended that Atlas shareholders vote "FOR" the previously announced Agreement and Plan of Merger among Atlas, Poseidon Acquisition Corp. and Poseidon Merger Sub, Inc. (the "Merger Agreement"), and the transactions contemplated by the Merger Agreement at the upcoming Annual Meeting of Shareholders on February 24, 2023 (the "Annual Meeting"). ISS and Glass Lewis are two leading independent proxy advisory firms which make voting recommendations to their
LONDON, UK, Jan. 25, 2023 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE:ATCO) plans to release its financial results for the quarter ended December 31, 2022, after the market closes on Wednesday, February 15, 2023. About Atlas Atlas is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on disciplined capital deployment to create sustainable shareholder value. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure ve
LONDON, UK, Jan. 20, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) announced that it will hold its Annual Meeting of Shareholders on February 24, 2023 (the "Annual Meeting"). At the Annual Meeting, Atlas common shareholders will be asked to, among other matters, consider and vote upon a proposal to adopt and approve the previously announced Agreement and Plan of Merger (the "Merger Agreement") among Atlas, Poseidon Acquisition Corp. and Poseidon Merger Sub, Inc., and the transactions contemplated by the Merger Agreement. The completion of the transactions contemplated by the Merger Agreement remains subject to closing conditions described in Atlas's Proxy Statement
LONDON, UK, Feb. 24, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) today announced that, at its annual meeting of shareholders held today, February 24, 2023 (the "Annual Meeting"), its shareholders approved by the required votes the proposal to adopt and approve the Agreement and Plan of Merger (the "Merger Agreement") by and among Atlas, Poseidon Acquisition Corp. ("Poseidon") and Poseidon Merger Sub, Inc. and the transactions contemplated by the Merger Agreement, including the merger with Poseidon (the "Merger Proposal"). In accordance with the req
President and CEO Larry Simkins to Retire After Distinguished 21 Year Career Mark Lamarre, CEO of Seaspan Shipyards, to Assume Role of President and CEO of the Washington Companies The Washington Companies ("the Company") today announced that Larry Simkins will retire as President, Chief Executive Officer and member of the Board of Directors after a distinguished 21-year career as CEO of the Company. The Washington Companies' Board has appointed Mark Lamarre, CEO of Seaspan Shipyards, to assume the role of President and CEO, and Mr. Lamarre will join The Washington Companies' Board. Mr. Simkins and Mr. Lamarre have worked closely on an orderly and seamless transition plan since 2021. Mr.
Cornerstone OnDemand, Inc. ("Cornerstone" or the "Company"), a provider of cloud-based talent management software solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced the appointment of Ryan Courson as Chief Financial Officer (CFO), effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220421005136/en/Ryan Courson is appointed Chief Financial Officer (CFO) at Cornerstone effective April 21, 2022. (Photo: Business Wire) "Ryan brings extensive experience as a CFO and investor, and his strong track record of driving profitable and transformative growth across
LONDON, July 15, 2021 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE:ATCO) announced today that its Board of Directors ("Board") has appointed Ms. Katie Wade, Chief Financial Officer at AEGIS London, as a non-executive director. Ms. Wade's appointment will be effective September 1, 2021. David Sokol, Chairman of Atlas, commented "Katie is a highly regarded insurance executive with 21 years of experience in financial markets, at board and management levels, both within the UK and internationally. She brings experience across many industries to our Board, and her background in driv
Graham Talbot Possess 25+ Years of Financial Expertise including Global CFO Roles LONDON, Jan. 11, 2021 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE: ATCO), is pleased to announce the appointment of Mr. Graham Talbot to its executive leadership team and the role of Atlas' Chief Financial Officer (CFO), beginning today. Atlas conducted an extensive worldwide search for its new CFO, seeking a candidate with significant global enterprise experience including proven leadership, accounting, finance, operational scalability, systems, and executional expertise cultivated within large global multi-national businesses. Bing Chen, President and CEO of Atlas, commented, "Graham is a seasoned professi
LONDON, UK, Jan. 5, 2021 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE: ATCO) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows: Security Ticker Dividend per Share Period Record Date Payment Date Common ATCO $0.125 Oct. 1, 2020 - Dec. 31, 2020 January 20, 2021 February 1, 2021 Series D Preferred ATCO PD $0.496875 Oct. 1, 2020 - Dec. 31, 2020 January 29, 2021 February 1, 2021 Series E Preferred ATCO PE $0.515625 Oct. 1, 2020 - Dec. 31, 2020 January 29, 2021 February 1, 2021 Series G Preferred ATCO PG $0.5125 Oct. 1, 2020 - Dec. 31, 2020 January 2
LONDON and TORONTO, March 28, 2023 (GLOBE NEWSWIRE) -- Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) and Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd. ("ONE"), and certain of their respective affiliates, today announced the completion of the previously announced transaction pursuant to which Poseidon acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Mr. Sokol. Pursuant to the terms of the Agreement and Plan of Merger, da
LONDON and TORONTO, March 28, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) and Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd. ("ONE"), and certain of their respective affiliates, today announced the completion of the previously announced transaction pursuant to which Poseidon acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Mr. Sokol. Pursuant to the terms of the Agreement and Plan of Merger, dated Oct
LONDON, UK, March 13, 2023 /CNW/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows: Security Ticker Dividend per Share Period Record Date Payment Date Common ATCO $0.125000 January 1, 2023 –March 31, 2023 March 20, 2023 March 31, 2023 Series D Preferred ATCO PD $0.496875 January 30, 2023 – April 29, 2023 April 28, 2023 May 1, 2023 Series H Preferred ATCO PH $0.492188 January 30, 2023 –April 29, 2023 April 28, 2023 May 1, 2023 Series
Strong financial results exceed FY2022 Revenue and EBITDA guidanceContinued successful execution of newbuild program and optimization of capital structure LONDON, UK, Feb. 15, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) announced today its results for the quarter ended December 31, 2022. Financial Highlights: Fourth quarter 2022 financial performance compared to fourth quarter 2021:Revenue increase of 1.9% to $436.4 millionNet earnings of $127.2 million and Diluted EPS of $0.38Adjusted earnings(1)(2) of $111.7 million and Adjusted diluted EPS of $0.38Adjusted EBITDA(1) increase of 1.5% to $287.7 millionRobust balance sheet with liquidity of $980.0 million, total
LONDON, UK, Jan. 5, 2023 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows: Security Ticker Dividend per Share Period Record Date Payment Date Common ATCO $0.125000 October 1, 2022 –December 31, 2022 January 20, 2023 January 30, 2023 Series D Preferred ATCO PD $0.496875 October 30, 2022 – January 29, 2023 January 27, 2023 January 30, 2023 Series H Preferred ATCO PH $0.492188 October 30, 2022 – January 29, 2023 January 27
Continuing to optimize business by increasing contract duration, delivering on newbuild program and maintaining robust liquidity LONDON, UK, Nov. 1, 2022 /PRNewswire/ - Atlas Corp. ("Atlas" or the "Company") (NYSE:ATCO) announced today its results for the quarter ended September 30, 2022. Financial Highlights:Third quarter 2022 financial performance compared to third quarter 2021:Revenue decrease of 2.7% to $439.6 millionNet earnings of $185.7 million and Diluted EPS of $0.59Adjusted EBITDA(1) decrease of 9.7% to $291.1 millionRobust balance sheet with liquidity of $1,294.3 mi
LONDON and TORONTO, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Atlas ("Atlas" or the "Company") (NYSE:ATCO) and Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd. ("ONE"), and certain of their respective affiliates today announced they have entered into a definitive agreement under which Poseidon will acquire Atlas in an all-cash transaction for an enterprise value of approximately $10.9 billion. Under the terms of the agreement, Poseidon will acquire all outstanding common shares
Atlas to Host Conference Call November 2 at 8:30 a.m. Eastern Time LONDON, UK, Nov. 1, 2022 /PRNewswire/ - Atlas ("Atlas" or the "Company") (NYSE:ATCO) and Poseidon Acquisition Corp. ("Poseidon"), an entity formed by certain affiliates of Fairfax Financial Holdings Limited ("Fairfax"), certain affiliates of the Washington Family ("Washington"), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd. ("ONE"), and certain of their respective affiliates today announced they have entered into a definitive agreement under which Poseidon will acquire Atlas in an all-cash transaction for an enterprise value of approximately $10.9 billion.
LONDON, UK, Oct. 12, 2022 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE:ATCO) plans to release its financial results for the quarter ended September 30, 2022, after the market closes on Tuesday, November 1, 2022. Atlas plans to host a conference call for all shareholders and interested parties at 8:30 a.m. Eastern Time on Wednesday, November 2, 2022, to discuss the results. To attend the conference call or webcast, participants should register online at ir.atlascorporation.com/events-and-presentations, and you will be provided with details to access the event. To avoid delays, pa
LONDON and TORONTO, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Poseidon Acquisition Corp., on behalf of a consortium composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp. (NYSE:ATCO) ("Atlas" or the "Company"), certain affiliates of Fairfax Financial Holdings Limited (collectively, "Fairfax")(TSX:FFH), the Washington Family, and Ocean Network Express Pte. Ltd., a global container, transportation and shipping company (the "Consortium"), announced today it believes it has made meaningful progress in its discussions with the Special Committee of the Board of Directors of Atlas to acquire all of the outstanding common shares of Atlas that the members of the Consortium do not alr
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