ATI Inc. (NYSE:ATI) Shares Purchased by Invesco Ltd.

Invesco Ltd. lifted its position in ATI Inc. (NYSE:ATI - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,696,500 shares of the basic materials company's stock after acquiring an additional 203,742 shares during the quarter. Invesco Ltd. owned 3.29% of ATI worth $258,495,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of ATI during the fourth quarter valued at approximately $25,000. Mainstream Capital Management LLC purchased a new position in ATI during the 4th quarter valued at $94,000. EverSource Wealth Advisors LLC grew its position in ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after acquiring an additional 288 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after purchasing an additional 1,690 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after purchasing an additional 1,516 shares during the last quarter.

ATI Stock Down 1.2 %

NYSE ATI traded down $0.55 during midday trading on Tuesday, hitting $47.08. 686,748 shares of the company traded hands, compared to its average volume of 1,663,531. The company has a market cap of $6.64 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $68.92. The company's 50-day simple moving average is $54.06 and its 200-day simple moving average is $57.02.

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ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. As a group, equities research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Tina Killough Busch sold 9,900 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the transaction, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.71% of the company's stock.

Analyst Ratings Changes

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

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.