ATI Inc. (NYSE:ATI) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in ATI Inc. (NYSE:ATI - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,557,503 shares of the basic materials company's stock after acquiring an additional 82,189 shares during the period. Dimensional Fund Advisors LP owned about 1.79% of ATI worth $140,765,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Capital International Investors raised its position in shares of ATI by 5.4% in the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock worth $875,190,000 after acquiring an additional 817,182 shares during the period. Vanguard Group Inc. raised its position in shares of ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock worth $844,061,000 after acquiring an additional 2,020,313 shares during the period. Invesco Ltd. raised its position in shares of ATI by 4.5% during the 4th quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company's stock worth $258,495,000 after purchasing an additional 203,742 shares during the last quarter. Geode Capital Management LLC raised its position in shares of ATI by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 2,150,204 shares of the basic materials company's stock worth $118,389,000 after purchasing an additional 197,270 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in shares of ATI by 15.7% during the 4th quarter. Channing Capital Management LLC now owns 1,674,461 shares of the basic materials company's stock worth $92,162,000 after purchasing an additional 226,977 shares during the last quarter.

Insider Activity

In other news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the sale, the senior vice president now owns 25,994 shares of the company's stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

ATI Price Performance

NYSE ATI traded down $0.08 during trading hours on Tuesday, hitting $53.77. 1,895,163 shares of the company's stock traded hands, compared to its average volume of 1,697,852. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $68.92. The company has a market capitalization of $7.58 billion, a PE ratio of 21.09, a PEG ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The firm's 50-day moving average is $51.37 and its 200-day moving average is $55.89.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results 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. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.64 EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays upped their price target on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Susquehanna upped their price target on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. KeyCorp upgraded shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target for the company in a research report on Wednesday, April 23rd. Finally, Benchmark restated a "buy" rating and set a $81.00 price target on shares of ATI in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.29.

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.