ATI Inc. $ATI Shares Sold by Dayah Capital LLC

Dayah Capital LLC lessened its position in ATI Inc. (NYSE:ATI) by 34.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,842 shares of the basic materials company’s stock after selling 5,158 shares during the quarter. ATI comprises 0.5% of Dayah Capital LLC’s holdings, making the stock its 29th largest position. Dayah Capital LLC’s holdings in ATI were worth $1,432,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in ATI by 2.8% in the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 74 shares in the last quarter. Lido Advisors LLC boosted its stake in ATI by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after purchasing an additional 101 shares during the last quarter. Signature Equity Partners LLC grew its holdings in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares in the last quarter. Activest Wealth Management grew its holdings in shares of ATI by 17.6% during the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock worth $96,000 after buying an additional 125 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of ATI by 2.0% in the fourth quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock valued at $827,000 after buying an additional 140 shares during the last quarter.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 31,757 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the transaction, the chief executive officer directly owned 125,564 shares in the company, valued at approximately $23,981,468.36. This represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 192,199 shares of company stock worth $34,601,100. 0.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ATI. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research note on Tuesday. BTIG Research increased their price objective on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. KeyCorp increased their price objective on shares of ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. TD Cowen raised their target price on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. upped their price target on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, ATI has a consensus rating of “Buy” and a consensus price target of $176.78.

ATI Trading Up 2.2%

Shares of ATI opened at $181.87 on Friday. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $205.31. The firm has a market capitalization of $24.82 billion, a P/E ratio of 60.22, a P/E/G ratio of 1.42 and a beta of 0.96. The firm has a 50-day moving average price of $187.83 and a 200 day moving average price of $161.29. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. ATI’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that ATI Inc. will post 4.49 EPS for the current year.

ATI Company Profile

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.