Charles Schwab Investment Management Inc. Has $86.03 Million Stock Holdings in ATI Inc. (NYSE:ATI)

Charles Schwab Investment Management Inc. increased its holdings in ATI Inc. (NYSE:ATI - Free Report) by 14.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,563,062 shares of the basic materials company's stock after buying an additional 191,823 shares during the period. Charles Schwab Investment Management Inc. owned about 1.10% of ATI worth $86,031,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. CIBC Asset Management Inc raised its holdings in ATI by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock worth $215,000 after purchasing an additional 192 shares in the last quarter. Hantz Financial Services Inc. raised its stake 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 buying an additional 240 shares in the last quarter. KBC Group NV lifted its holdings in shares of ATI by 12.9% in the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company's stock valued at $225,000 after buying an additional 385 shares during the period. Souders Financial Advisors boosted its stake in ATI by 6.1% during 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 boosted its stake in 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 in the last quarter.

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ATI Stock Up 3.3 %

ATI traded up $1.63 on Friday, reaching $51.63. 1,272,375 shares of the company traded hands, compared to its average volume of 1,439,847. ATI Inc. has a 52-week low of $47.58 and a 52-week high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 0.85 and a beta of 1.14. The stock's 50 day moving average price is $58.02 and its 200-day moving average price is $59.33.

ATI (NYSE:ATI - Get Free Report) last posted 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 net margin of 8.43% and a return on equity of 21.16%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, sell-side analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ATI shares. Benchmark boosted their target price on shares of ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Susquehanna upped their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Barclays lifted their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Finally, StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company's stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by company insiders.

ATI 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.