State of New Jersey Common Pension Fund D Has $2.59 Million Stock Holdings in ATI Inc. (NYSE:ATI)

State of New Jersey Common Pension Fund D decreased its holdings in shares of ATI Inc. (NYSE:ATI) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,065 shares of the basic materials company’s stock after selling 1,135 shares during the period. State of New Jersey Common Pension Fund D’s holdings in ATI were worth $2,590,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in ATI during the fourth quarter worth $25,000. Quarry LP grew its stake in shares of ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 412 shares in the last quarter. Blue Trust Inc. grew its stake in shares of ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 1,516 shares in the last quarter. KBC Group NV grew its stake in shares of ATI by 12.9% in the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 385 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in shares of ATI in the 3rd quarter worth $239,000.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the transaction, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares of the company’s stock, valued at $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,498 shares of company stock worth $2,288,141 over the last quarter. 0.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ATI has been the subject of several recent analyst reports. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Susquehanna upped their target price on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. KeyCorp lowered shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Barclays upped their target price on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Benchmark increased their price target on shares of ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

ATI Price Performance

ATI opened at $60.97 on Friday. The firm has a market cap of $8.70 billion, a P/E ratio of 23.91, a PEG ratio of 0.91 and a beta of 1.10. The firm has a 50-day moving average of $57.87 and a 200 day moving average of $60.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $68.92.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. On average, research analysts expect that ATI Inc. will post 2.89 EPS for the current year.

ATI Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.