Epoch Investment Partners Inc. lowered its holdings in shares of ATI Inc. (NYSE:ATI – Free Report) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,601 shares of the basic materials company’s stock after selling 4,698 shares during the period. Epoch Investment Partners Inc. owned about 0.06% of ATI worth $12,452,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Signature Equity Partners LLC lifted its holdings in shares of ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 123 shares during the period. Allworth Financial LP increased its stake in ATI by 50.8% in the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 180 shares during the period. Torren Management LLC bought a new stake in ATI in the fourth quarter valued at about $52,000. Summit Securities Group LLC acquired a new position in ATI in the first quarter worth about $60,000. Finally, Hollencrest Capital Management raised its position in ATI by 283.1% in the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 334 shares in the last quarter.
ATI Price Performance
Shares of ATI stock opened at $197.47 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $26.95 billion, a price-to-earnings ratio of 65.39, a P/E/G ratio of 1.57 and a beta of 0.96. ATI Inc. has a 1-year low of $70.42 and a 1-year high of $205.31. The firm’s 50-day moving average price is $185.32 and its two-hundred day moving average price is $159.20.
Analysts Set New Price Targets
ATI has been the subject of a number of analyst reports. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. KeyCorp increased their target price on ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. increased their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Finally, TD Cowen upped their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, ATI presently has an average rating of “Buy” and an average price target of $176.78.
Read Our Latest Analysis on ATI
Insider Buying and Selling
In related news, CEO Kimberly A. Fields sold 40,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the completion of the sale, the chief executive officer directly owned 157,321 shares of the company’s stock, valued at $28,775,584.11. This trade represents a 20.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 160,442 shares of company stock worth $28,535,831. 0.98% of the stock is owned by corporate insiders.
About ATI
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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