Charles Schwab Investment Management Inc. Grows Holdings in ATI Inc. (NYSE:ATI)

Charles Schwab Investment Management Inc. grew its holdings in ATI Inc. (NYSE:ATI - Free Report) by 1.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,371,239 shares of the basic materials company's stock after buying an additional 24,224 shares during the period. Charles Schwab Investment Management Inc. owned 0.96% of ATI worth $91,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new position in ATI in the 2nd quarter worth approximately $26,000. UMB Bank n.a. lifted its position in ATI by 557.0% during 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in ATI by 294.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company's stock worth $69,000 after buying an additional 1,010 shares during the last quarter. Quest Partners LLC acquired a new position in ATI during the second quarter worth $88,000. Finally, nVerses Capital LLC acquired a new stake in shares of ATI in the 2nd quarter worth $205,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of ATI in a research report on Wednesday, August 7th. Susquehanna cut their target price on ATI from $75.00 to $70.00 and set a "positive" rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on ATI from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on ATI from $81.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $73.71.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $62.23, for a total value of $1,555,750.00. Following the transaction, the chairman now owns 486,443 shares in the company, valued at approximately $30,271,347.89. This represents a 4.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.05% of the company's stock.

ATI Stock Down 0.7 %

ATI traded down $0.41 on Wednesday, hitting $60.22. 48,020 shares of the company were exchanged, compared to its average volume of 1,447,162. The firm has a 50-day moving average price of $61.05 and a two-hundred day moving average price of $60.59. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. ATI Inc. has a twelve month low of $38.04 and a twelve month high of $68.92. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08.

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

ATI declared that its Board of Directors has approved a stock buyback plan on Tuesday, September 3rd that authorizes the company to repurchase $700.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase 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 stock is undervalued.

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.