ATI Inc. (NYSE:ATI) SVP Sells $155,931.96 in Stock

ATI Inc. (NYSE:ATI - Get Free Report) SVP Tina Killough Busch sold 2,598 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the sale, the senior vice president now owns 21,553 shares in the company, valued at $1,293,611.06. The trade was a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ATI Stock Down 1.6 %

NYSE ATI traded down $0.93 during trading on Friday, reaching $57.55. 1,216,945 shares of the company's stock were exchanged, compared to its average volume of 1,439,870. ATI Inc. has a fifty-two week low of $38.04 and a fifty-two week 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 firm has a market capitalization of $8.21 billion, a PE ratio of 22.00, a P/E/G ratio of 2.06 and a beta of 1.09. The company's fifty day simple moving average is $60.37 and its 200-day simple moving average is $60.55.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). ATI had a return on equity of 21.39% and a net margin of 8.85%. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. ATI's revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that ATI Inc. will post 2.27 EPS for the current year.

ATI announced that its board has initiated a share buyback plan on Tuesday, September 3rd that allows the company to repurchase $700.00 million in shares. This repurchase authorization allows the basic materials company to purchase up to 9.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on ATI from $81.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. StockNews.com lowered ATI from a "hold" rating to a "sell" rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on ATI from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, August 21st. KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Finally, Susquehanna reduced their price objective on shares of ATI from $75.00 to $70.00 and set a "positive" rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $73.71.

Institutional Trading of ATI

A number of institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of ATI during the 2nd quarter valued at $26,000. UMB Bank n.a. lifted its position in shares of ATI by 557.0% in the third quarter. UMB Bank n.a. now owns 933 shares of the basic materials company's stock worth $62,000 after buying an additional 791 shares during the last quarter. Quest Partners LLC acquired a new position in shares of ATI during the 2nd quarter valued at about $88,000. GAMMA Investing LLC raised its stake in shares of ATI by 66.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,344 shares of the basic materials company's stock valued at $224,000 after acquiring an additional 1,330 shares in the last quarter. Finally, KBC Group NV lifted its holdings in ATI by 12.9% in the 3rd 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 during the last quarter.

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.

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