ATI Inc. (NYSE:ATI) Position Raised by Senator Investment Group LP

Senator Investment Group LP lifted its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,556 shares of the basic materials company's stock after purchasing an additional 28,556 shares during the period. Senator Investment Group LP owned about 0.50% of ATI worth $39,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in ATI during the 4th quarter worth approximately $25,000. Mainstream Capital Management LLC bought a new stake in shares of ATI in the fourth quarter worth $94,000. EverSource Wealth Advisors LLC raised its holdings in ATI by 20.0% in the fourth 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in ATI by 236.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after acquiring an additional 1,690 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after acquiring an additional 1,516 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ATI shares. Benchmark restated a "buy" rating and issued a $81.00 target price on shares of ATI in a research note on Monday. Barclays upped their price objective on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Susquehanna lifted their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. KeyCorp raised ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target on the stock in a research report on Wednesday. Finally, StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $73.29.

ATI Stock Performance

ATI traded up $2.06 during trading on Thursday, reaching $52.47. 1,428,856 shares of the company were exchanged, compared to its average volume of 1,694,409. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $68.92. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $51.70 and a 200 day moving average of $56.13. The stock has a market cap of $7.40 billion, a P/E ratio of 20.58, a PEG ratio of 0.85 and a beta of 0.80.

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

Insider Activity

In other news, SVP Tina Killough Busch sold 9,900 shares of the 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 of the company's stock, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

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.