Maryland State Retirement & Pension System Buys 6,007 Shares of ATI Inc. (NYSE:ATI)

Maryland State Retirement & Pension System raised its stake in shares of ATI Inc. (NYSE:ATI) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,080 shares of the basic materials company’s stock after acquiring an additional 6,007 shares during the period. Maryland State Retirement & Pension System’s holdings in ATI were worth $3,032,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ATI. CIBC Asset Management Inc bought a new position in ATI during the 3rd quarter valued at $249,000. Natixis Advisors LLC increased its position in shares of ATI by 19.8% during the 3rd quarter. Natixis Advisors LLC now owns 77,757 shares of the basic materials company’s stock valued at $5,203,000 after purchasing an additional 12,875 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of ATI during the 3rd quarter valued at $8,992,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ATI during the 3rd quarter valued at $2,917,000. Finally, Advisors Asset Management Inc. increased its position in shares of ATI by 16.9% during 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.

ATI Trading Down 0.1 %

Shares of ATI opened at $52.28 on Friday. The business has a 50-day moving average of $57.50 and a 200 day moving average of $58.80. ATI Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $68.92. The firm has a market cap of $7.43 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATI. Susquehanna raised their target price on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. Barclays raised their target price on ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Benchmark raised their target price on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, StockNews.com raised ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One 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. Based on data from MarketBeat.com, ATI has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction dated 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 transaction, the senior vice president now owns 25,994 shares of the company’s stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.71% 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.