Barclays PLC Grows Stock Holdings in ATI Inc. (NYSE:ATI)

Barclays PLC increased its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 12.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,959 shares of the basic materials company's stock after acquiring an additional 6,418 shares during the period. Barclays PLC's holdings in ATI were worth $3,245,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock valued at $844,061,000 after purchasing an additional 2,020,313 shares during the period. Invesco Ltd. lifted its position in shares of ATI by 4.5% during the 4th quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company's stock valued at $258,495,000 after buying an additional 203,742 shares in the last quarter. Geode Capital Management LLC grew its stake in ATI by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 2,150,204 shares of the basic materials company's stock valued at $118,389,000 after acquiring an additional 197,270 shares during the period. Channing Capital Management LLC increased its holdings in ATI by 15.7% in the 4th quarter. Channing Capital Management LLC now owns 1,674,461 shares of the basic materials company's stock worth $92,162,000 after acquiring an additional 226,977 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in ATI by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company's stock worth $86,031,000 after acquiring an additional 191,823 shares during the period.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the sale, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

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

ATI Trading Up 6.5 %

NYSE ATI traded up $4.05 on Friday, reaching $66.29. 2,471,627 shares of the company were exchanged, compared to its average volume of 1,703,048. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The business's fifty day moving average price is $51.25 and its 200 day moving average price is $55.86. The stock has a market capitalization of $9.35 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $68.92.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The company's revenue was up 9.7% compared to the same quarter last year. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current 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.