ATI Inc. (NYSE:ATI) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 75.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,620 shares of the basic materials company's stock after buying an additional 12,333 shares during the quarter. Intech Investment Management LLC's holdings in ATI were worth $1,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of ATI by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company's stock worth $86,031,000 after acquiring an additional 191,823 shares during the period. Hantz Financial Services Inc. acquired a new stake in ATI during the third quarter worth about $765,000. Franklin Resources Inc. raised its stake in ATI by 16.2% during the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company's stock worth $27,993,000 after purchasing an additional 61,999 shares during the period. Advisors Asset Management Inc. boosted its holdings in ATI by 16.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 77,022 shares of the basic materials company's stock valued at $5,154,000 after purchasing an additional 11,154 shares during the last quarter. Finally, Covea Finance grew its stake in shares of ATI by 32.7% in the 4th quarter. Covea Finance now owns 65,000 shares of the basic materials company's stock valued at $3,578,000 after buying an additional 16,000 shares during the period.

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ATI Trading Down 0.4 %

ATI traded down $0.23 during mid-day trading on Wednesday, hitting $54.01. 1,732,687 shares of the stock were exchanged, compared to its average volume of 1,524,363. The firm's fifty day moving average is $57.38 and its two-hundred day moving average is $58.63. ATI Inc. has a 1-year low of $47.90 and a 1-year high of $68.92. The company has a market cap of $7.68 billion, a PE ratio of 21.18, 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 (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 (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. The business 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 quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Equities analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the sale, the senior vice president now owns 25,994 shares of the company's stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.