Waldron Private Wealth LLC Sells 17,323 Shares of ATI Inc. (NYSE:ATI)

Waldron Private Wealth LLC trimmed its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 57.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,594 shares of the basic materials company's stock after selling 17,323 shares during the quarter. Waldron Private Wealth LLC's holdings in ATI were worth $693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its holdings in ATI by 3.3% in the third quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company's stock worth $360,000 after purchasing an additional 172 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of ATI by 2.1% in the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after purchasing an additional 240 shares in the last quarter. KBC Group NV grew its position in ATI by 12.9% in the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company's stock valued at $225,000 after purchasing an additional 385 shares during the period. Souders Financial Advisors lifted its stake 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 valued at $477,000 after buying an additional 411 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after buying an additional 412 shares during the last quarter.

ATI Price Performance

Shares of NYSE:ATI traded up $1.61 during trading on Wednesday, reaching $65.33. The company had a trading volume of 904,893 shares, compared to its average volume of 1,463,976. The company has a fifty day moving average of $57.03 and a two-hundred day moving average of $60.16. ATI Inc. has a 12 month low of $38.42 and a 12 month high of $68.92. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $9.32 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10.

ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.85% and a return on equity of 21.39%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.64 earnings per share. ATI's revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts forecast that ATI Inc. will post 2.28 earnings per share for the current year.

Insider Activity

In other news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares of the company's stock, valued at approximately $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the transaction, the chairman now owns 436,443 shares in the company, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ATI. Susquehanna increased their price objective on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday. StockNews.com downgraded shares of ATI from a "hold" rating to a "sell" rating in a report on Wednesday, January 29th. Finally, KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $74.14.

About ATI

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.