State Board of Administration of Florida Retirement System trimmed its stake in shares of ATI Inc. (NYSE:ATI – Get Rating) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,838 shares of the basic materials company's stock after selling 3,040 shares during the quarter. State Board of Administration of Florida Retirement System's holdings in ATI were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ATI. Allspring Global Investments Holdings LLC bought a new position in ATI during the 4th quarter worth approximately $554,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ATI by 23.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,213 shares of the basic materials company's stock worth $274,000 after buying an additional 3,251 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of ATI by 13.1% in the 4th quarter. New York State Common Retirement Fund now owns 1,195,977 shares of the basic materials company's stock worth $19,052,000 after buying an additional 138,391 shares during the last quarter. Boston Partners bought a new stake in shares of ATI in the 4th quarter worth approximately $513,000. Finally, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income grew its position in shares of ATI by 31.6% in the 4th quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 581,320 shares of the basic materials company's stock worth $9,260,000 after buying an additional 139,630 shares during the last quarter.

Insiders Place Their Bets

In other ATI news, CAO Karl D. Schwartz sold 2,000 shares of ATI stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the sale, the chief accounting officer now owns 64,833 shares of the company's stock, valued at approximately $1,620,825. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director James C. Diggs sold 12,500 shares of ATI stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $24.00, for a total value of $300,000.00. Following the completion of the sale, the director now owns 46,060 shares of the company's stock, valued at $1,105,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Karl D. Schwartz sold 2,000 shares of the business's stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the sale, the chief accounting officer now directly owns 64,833 shares of the company's stock, valued at approximately $1,620,825. The disclosure for this sale can be found here. Corporate insiders own 0.82% of the company's stock.

ATI Stock Up 0.4 %

ATI (NYSE:ATI – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.17. The business had revenue of $959.50 million during the quarter, compared to analysts' expectations of $837.33 million. ATI had a return on equity of 21.63% and a net margin of 0.36%. The firm's quarterly revenue was up 55.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) earnings per share. On average, research analysts anticipate that ATI Inc. will post 2.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on ATI from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Friday, August 5th. Benchmark lifted their price objective on ATI to $37.00 in a research report on Tuesday, August 9th. Finally, Wolfe Research upgraded ATI from a "peer perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, ATI has an average rating of "Moderate Buy" and an average target price of $30.14.

ATI 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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