Canada Pension Plan Investment Board Buys 74,608 Shares of ATI Inc. (NYSE:ATI)

Canada Pension Plan Investment Board lifted its position in ATI Inc. (NYSE:ATI - Free Report) by 58.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,808 shares of the basic materials company's stock after acquiring an additional 74,608 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.14% of ATI worth $11,163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in shares of ATI during the 4th quarter worth approximately $25,000. Mainstream Capital Management LLC bought a new stake in ATI during the fourth quarter worth $94,000. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 288 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 1,690 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after purchasing an additional 1,516 shares during the period.

Analyst Upgrades and Downgrades

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

ATI Price Performance

ATI stock traded up $0.60 during mid-day trading on Friday, hitting $53.05. 1,178,074 shares of the company traded hands, compared to its average volume of 1,694,023. 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 Inc. has a one year low of $39.23 and a one year high of $68.92. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The stock has a fifty day moving average price of $51.52 and a 200-day moving average price of $56.05.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the sale, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

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.