ATI Inc. (NYSE:ATI) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 58.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,808 shares of the basic materials company's stock after purchasing an additional 74,608 shares during the period. Canada Pension Plan Investment Board owned approximately 0.14% of ATI worth $11,163,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MML Investors Services LLC increased its holdings in shares of ATI by 16.7% during the third quarter. MML Investors Services LLC now owns 6,311 shares of the basic materials company's stock valued at $422,000 after acquiring an additional 904 shares in the last quarter. Franklin Resources Inc. increased its stake 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 in the last quarter. Lord Abbett & CO. LLC acquired a new position in ATI during the 3rd quarter valued at approximately $3,088,000. ORG Wealth Partners LLC purchased a new position in shares of ATI in the fourth quarter worth $25,000. Finally, Fragasso Financial Advisors Inc acquired a new stake in shares of ATI during the fourth quarter worth $403,000.

ATI Price Performance

Shares of ATI stock traded up $2.06 on Thursday, reaching $52.47. 1,428,856 shares of the company were exchanged, compared to its average volume of 1,694,409. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $68.92. The business has a 50-day moving average price of $51.87 and a 200 day moving average price of $56.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 0.85 and a beta of 0.80.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the business earned $0.64 earnings per share. The company's quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of research reports. Benchmark reissued a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. KeyCorp upgraded shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price objective for the company in a research note on Wednesday. Barclays increased their price objective 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, Susquehanna boosted their target price on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $73.29.

ATI Company 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.