NorthRock Partners LLC Has $18.35 Million Stock Position in ATI Inc. (NYSE:ATI)

NorthRock Partners LLC decreased its position in ATI Inc. (NYSE:ATI - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 333,354 shares of the basic materials company's stock after selling 70,738 shares during the quarter. ATI comprises approximately 0.6% of NorthRock Partners LLC's holdings, making the stock its 28th largest position. NorthRock Partners LLC owned approximately 0.23% of ATI worth $18,348,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ATI. Mainstream Capital Management LLC acquired a new stake in shares of ATI during the fourth quarter worth $94,000. EverSource Wealth Advisors LLC lifted its stake in ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after acquiring an additional 288 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 worth $132,000 after acquiring an additional 1,690 shares in the last quarter. Blue Trust Inc. lifted its stake in ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock worth $144,000 after acquiring an additional 1,516 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in ATI by 5.2% in the 4th 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 in the last quarter.

ATI Stock Up 1.7%

Shares of ATI traded up $1.25 during midday trading on Friday, reaching $76.27. 1,431,191 shares of the stock were exchanged, compared to its average volume of 1,742,956. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 0.85 and a beta of 1.01. The firm has a 50 day simple moving average of $54.70 and a 200-day simple moving average of $56.58. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $76.32.

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

Analysts Set New Price Targets

ATI has been the subject of several research analyst reports. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Susquehanna increased their price objective on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. BTIG Research set a $90.00 price target on ATI and gave the stock a "buy" rating in a research note on Monday, May 5th. KeyCorp raised ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price target for the company in a research note on Wednesday, April 23rd. Finally, Benchmark reaffirmed a "buy" rating and set a $81.00 price target on shares of ATI in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.14.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the transaction, the chairman now owns 506,538 shares of the company's stock, valued at approximately $34,535,760.84. This represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

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.