Prudential Financial Inc. grew its stake in ATI Inc. (NYSE:ATI - Free Report) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,652 shares of the basic materials company's stock after purchasing an additional 11,135 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of ATI worth $8,013,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ATI. ORG Wealth Partners LLC bought a new position in ATI in the 4th quarter valued at about $25,000. Quarry LP boosted its position in shares of ATI by 86.4% in the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after acquiring an additional 412 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of ATI in the fourth quarter valued at about $94,000. EverSource Wealth Advisors LLC increased its position in ATI by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after acquiring an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in ATI by 236.0% in the 4th 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 in the last quarter.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Susquehanna raised their price target on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays boosted their target price on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Finally, Benchmark upped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, ATI currently has a consensus rating of "Moderate Buy" and an average price target of $75.00.
Read Our Latest Report on ATI
Insider Buying and Selling
In related news, SVP Tina Killough Busch sold 9,900 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.71% of the stock is owned by insiders.
ATI Trading Down 9.4 %
NYSE ATI traded down $5.07 on Thursday, reaching $48.89. The company had a trading volume of 3,025,466 shares, compared to its average volume of 1,626,132. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 0.85 and a beta of 1.14. ATI Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $68.92. The business has a 50 day moving average of $56.61 and a two-hundred day moving average of $58.25. 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 (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) 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 company 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 company earned $0.64 earnings per share. The firm's revenue was up 10.2% compared to the same quarter last year. Analysts forecast that ATI Inc. will post 2.89 EPS for the current year.
About ATI
(
Free Report)
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.
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