ATI Inc. (NYSE:ATI) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in shares of ATI Inc. (NYSE:ATI) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,767 shares of the basic materials company’s stock after purchasing an additional 530 shares during the quarter. D.A. Davidson & CO.’s holdings in ATI were worth $538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in ATI during the 3rd quarter valued at approximately $765,000. Franklin Resources Inc. boosted its position in ATI by 16.2% during the 3rd quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock valued at $27,993,000 after purchasing an additional 61,999 shares during the period. Advisors Asset Management Inc. boosted its position in ATI by 16.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 77,022 shares of the basic materials company’s stock valued at $5,154,000 after purchasing an additional 11,154 shares during the period. Covea Finance boosted its position in ATI by 32.7% during the 4th quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock worth $3,578,000 after acquiring an additional 16,000 shares during the period. Finally, Forest Avenue Capital Management LP acquired a new position in ATI during the 3rd quarter worth $28,700,000.

Analyst Ratings Changes

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

ATI Trading Down 1.5 %

Shares of ATI stock opened at $56.27 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 0.85 and a beta of 1.10. The business has a fifty day simple moving average of $57.93 and a 200-day simple moving average of $59.97. ATI Inc. has a fifty-two week low of $45.91 and a fifty-two week high of $68.92.

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

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on 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 sale, the chairman now directly owns 436,443 shares of the company’s stock, valued at $25,745,772.57. The trade was a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares in the company, valued at $1,293,611.06. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,498 shares of company stock worth $2,288,141 over the last 90 days. 1.05% of the stock is currently owned by company insiders.

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.