Dimensional Fund Advisors LP Purchases 82,189 Shares of ATI Inc. (NYSE:ATI)

Dimensional Fund Advisors LP raised its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,557,503 shares of the basic materials company's stock after purchasing an additional 82,189 shares during the period. Dimensional Fund Advisors LP owned 1.79% of ATI worth $140,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ATI. CIBC Asset Management Inc lifted its stake in ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock worth $215,000 after acquiring an additional 192 shares during the period. Keystone Financial Group lifted its position in shares of ATI by 5.3% in the 4th quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock worth $217,000 after purchasing an additional 200 shares during the period. Pier 88 Investment Partners LLC boosted its stake in shares of ATI by 3.0% during the 4th quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock valued at $419,000 after purchasing an additional 220 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of ATI by 2.1% during the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock valued at $643,000 after buying an additional 240 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake 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 worth $95,000 after buying an additional 288 shares in the last quarter.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of research analyst reports. Barclays upped their target price on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp upgraded shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 target price on the stock in a report on Wednesday, April 23rd. Susquehanna increased their price target on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. Finally, Benchmark reissued a "buy" rating and set a $81.00 price objective on shares of ATI in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, ATI has an average rating of "Moderate Buy" and a consensus price target of $73.29.

ATI Stock Performance

Shares of NYSE:ATI traded up $6.04 during midday trading on Thursday, reaching $60.42. 1,097,695 shares of the company's stock traded hands, compared to its average volume of 1,686,726. ATI Inc. has a one year low of $39.23 and a one year high of $68.92. The stock has a 50 day moving average of $51.15 and a 200 day moving average of $55.86. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 0.85 and a beta of 0.80. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. ATI had a net margin of 8.43% and a return on equity of 21.16%. ATI's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. As a group, equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI 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.