PNC Financial Services Group Inc. Boosts Stock Position in ATI Inc. (NYSE:ATI)

PNC Financial Services Group Inc. lifted its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,948 shares of the basic materials company's stock after purchasing an additional 25,964 shares during the period. PNC Financial Services Group Inc. owned 0.07% of ATI worth $5,831,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in shares of ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock worth $215,000 after acquiring an additional 192 shares during the period. Hantz Financial Services Inc. boosted its stake in ATI by 2.1% during the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock valued at $643,000 after buying an additional 240 shares during the period. Arizona State Retirement System boosted its position in shares of ATI by 0.8% during the 4th quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company's stock valued at $1,988,000 after acquiring an additional 289 shares during the last quarter. KBC Group NV grew its holdings in shares of ATI by 12.9% during the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company's stock worth $225,000 after purchasing an additional 385 shares in the last quarter. Finally, Souders Financial Advisors increased its position in shares of ATI by 6.1% in the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company's stock worth $477,000 after purchasing an additional 411 shares during the last quarter.

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Insider Transactions at ATI

In related 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 transaction of $657,459.00. Following the completion of the transaction, the senior vice president now directly 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 0.71% of the company's stock.

ATI Stock Up 2.9 %

Shares of ATI stock traded up $1.43 during trading hours on Friday, reaching $51.43. 620,566 shares of the company's stock were exchanged, compared to its average volume of 1,437,367. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 0.85 and a beta of 1.14. ATI Inc. has a fifty-two week low of $47.58 and a fifty-two week high of $68.92. The stock's 50 day moving average is $58.02 and its 200-day moving average is $59.33.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the business posted $0.64 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on ATI shares. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays boosted their price target 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. Susquehanna increased their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Finally, Benchmark upped their price target on ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

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.