ATI Inc. (NYSE:ATI) Stock Holdings Lessened by US Bancorp DE

US Bancorp DE reduced its holdings in ATI Inc. (NYSE:ATI - Free Report) by 51.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,691 shares of the basic materials company's stock after selling 6,960 shares during the quarter. US Bancorp DE's holdings in ATI were worth $368,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. ORG Wealth Partners LLC bought a new stake in ATI in the 4th quarter valued at about $25,000. Quarry LP lifted its position in ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after purchasing an additional 412 shares during the last quarter. Blue Trust Inc. lifted its position in ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after purchasing an additional 1,516 shares during the last quarter. CIBC Asset Management Inc lifted its position in ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 192 shares during the last quarter. Finally, KBC Group NV lifted 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 last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on ATI shares. Susquehanna lifted their price objective 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. Benchmark lifted their price objective on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Barclays raised their target price on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, ATI has a consensus rating of "Moderate Buy" and an average target price of $75.00.

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ATI Stock Down 1.6 %

ATI stock opened at $50.14 on Friday. The company's 50-day moving average price is $58.02 and its two-hundred day moving average price is $59.33. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 0.85 and a beta of 1.14. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. ATI Inc. has a 52 week low of $47.58 and a 52 week high of $68.92.

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. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. On average, analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of ATI 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 transaction, the senior vice president now owns 25,994 shares of the company's stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.71% of the company's stock.

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.

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