ATI Inc. (NYSE:ATI – Get Rating) CAO Karl D. Schwartz sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $31.22, for a total transaction of $31,220.00. Following the sale, the chief accounting officer now directly owns 63,833 shares of the company's stock, valued at approximately $1,992,866.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ATI Stock Performance
Shares of NYSE:ATI traded up $0.64 during midday trading on Monday, reaching $32.05. The company's stock had a trading volume of 1,548,409 shares, compared to its average volume of 2,046,173. The firm has a market capitalization of $4.16 billion, a PE ratio of 772.19 and a beta of 1.31. ATI Inc. has a twelve month low of $13.85 and a twelve month high of $32.09. The stock has a fifty day moving average of $24.43 and a 200 day moving average of $25.53. The company has a quick ratio of 1.30, a current ratio of 2.89 and a debt-to-equity ratio of 1.91.
Get ATI alerts:ATI (NYSE:ATI – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The basic materials company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.17. The firm had revenue of $959.50 million for the quarter, compared to analyst estimates of $837.33 million. ATI had a net margin of 0.36% and a return on equity of 21.63%. The business's quarterly revenue was up 55.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) earnings per share. On average, equities analysts expect that ATI Inc. will post 2.05 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on ATI shares. Benchmark raised their price target on shares of ATI to $37.00 in a report on Tuesday, August 9th. Wolfe Research raised shares of ATI from a "peer perform" rating to an "outperform" rating and set a $33.00 price target for the company in a report on Friday, August 5th. Finally, KeyCorp raised their price target on shares of ATI from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday, August 5th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $30.14.Institutional Trading of ATI
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in ATI by 1.9% during the first quarter. Vanguard Group Inc. now owns 14,083,087 shares of the basic materials company's stock valued at $377,991,000 after buying an additional 267,434 shares during the period. Capital International Investors grew its position in ATI by 9.8% during the fourth quarter. Capital International Investors now owns 12,176,850 shares of the basic materials company's stock valued at $193,977,000 after buying an additional 1,089,416 shares during the period. State Street Corp grew its position in ATI by 14.8% during the first quarter. State Street Corp now owns 9,941,032 shares of the basic materials company's stock valued at $266,817,000 after buying an additional 1,279,827 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in ATI by 17.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,540,724 shares of the basic materials company's stock valued at $72,334,000 after buying an additional 669,769 shares during the period. Finally, Fisher Asset Management LLC grew its position in ATI by 9.1% during the first quarter. Fisher Asset Management LLC now owns 2,608,557 shares of the basic materials company's stock valued at $70,014,000 after buying an additional 217,126 shares during the period.
ATI Company Profile
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ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.
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