ATI (NYSE:ATI) Upgraded at StockNews.com

StockNews.com upgraded shares of ATI (NYSE:ATI - Free Report) from a sell rating to a hold rating in a report issued on Thursday morning.

Several other brokerages have also issued reports on ATI. Susquehanna raised their price target on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a report on Wednesday. KeyCorp downgraded ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $74.14.

ATI Trading Down 1.2 %

Shares of ATI traded down $0.78 during trading hours on Thursday, hitting $62.73. 1,654,742 shares of the stock were exchanged, compared to its average volume of 1,519,570. The firm has a market capitalization of $8.95 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.44. ATI has a fifty-two week low of $39.71 and a fifty-two week high of $68.92. The business has a 50-day moving average of $57.26 and a 200-day moving average of $60.23.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly 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 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 the consensus estimate of $1.07 billion. During the same period last year, the business posted $0.64 EPS. The business's revenue was up 10.2% compared to the same quarter last year. On average, research analysts expect that ATI will post 2.87 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction 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 sale, the senior vice president now directly owns 21,553 shares in the company, valued at $1,293,611.06. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares of the company's stock, 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. Over the last quarter, insiders have sold 37,498 shares of company stock valued at $2,288,141. Insiders own 0.71% of the company's stock.

Institutional Trading of ATI

A number of large investors have recently bought and sold shares of ATI. ORG Wealth Partners LLC bought a new stake in shares of ATI during the 4th quarter valued at $25,000. Quarry LP grew its position in ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after buying an additional 412 shares in the last quarter. UMB Bank n.a. increased its stake in ATI by 557.0% in the 3rd quarter. UMB Bank n.a. now owns 933 shares of the basic materials company's stock worth $62,000 after acquiring an additional 791 shares during the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of ATI in the 4th quarter valued at about $94,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after acquiring an additional 1,690 shares during the last quarter.

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.