ATI Inc. (NYSE:ATI) Chairman Sells $4,082,000.00 in Stock

ATI Inc. (NYSE:ATI - Get Free Report) Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $81.64, for a total value of $4,082,000.00. Following the transaction, the chairman now owns 406,538 shares of the company's stock, valued at approximately $33,189,762.32. This trade represents a 10.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ATI Trading Up 1.5%

NYSE:ATI traded up $1.28 during mid-day trading on Friday, reaching $84.04. 1,287,277 shares of the company's stock traded hands, compared to its average volume of 1,784,767. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $84.28. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 0.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company has a 50 day moving average price of $62.78 and a 200-day moving average price of $58.94.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the previous year, the firm posted $0.48 EPS. The business's revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Institutional Investors Weigh In On ATI

Institutional investors have recently bought and sold shares of the business. WPG Advisers LLC bought a new position in shares of ATI during the 1st quarter valued at about $29,000. Golden State Wealth Management LLC boosted its holdings in shares of ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 304 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of ATI by 139.9% during the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 386 shares during the last quarter. Olde Wealth Management LLC bought a new position in shares of ATI during the 1st quarter valued at about $36,000. Finally, Headlands Technologies LLC bought a new position in shares of ATI during the 1st quarter valued at about $47,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ATI. Barclays raised their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Benchmark reiterated a "buy" rating and issued a $81.00 price target on shares of ATI in a research report on Monday, April 21st. Citigroup upgraded shares of ATI to a "positive" rating in a research report on Tuesday, May 20th. Finally, BTIG Research set a $105.00 price target on shares of ATI and gave the company a "buy" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $78.29.

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.