Shares of ATI Inc. (NYSE:ATI - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $86.46 and last traded at $86.16, with a volume of 59625 shares changing hands. The stock had previously closed at $85.68.
Analysts Set New Price Targets
ATI has been the topic of a number of research analyst reports. Benchmark restated a "buy" rating and issued a $81.00 target price on shares of ATI in a research report on Monday, April 21st. BTIG Research set a $105.00 price target on shares of ATI and gave the company a "buy" rating in a research note on Wednesday, May 28th. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Finally, Citigroup upgraded ATI to a "positive" rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.29.
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ATI Stock Performance
The company has a market capitalization of $12.19 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The stock's fifty day simple moving average is $73.26 and its 200-day simple moving average is $61.30. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.30 and a current ratio of 2.53.
ATI (NYSE:ATI - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. ATI had a return on equity of 21.37% and a net margin of 8.93%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.
Insider Buying and Selling at ATI
In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total value of $3,409,000.00. Following the completion of the sale, the chairman now owns 506,538 shares of the company's stock, valued at $34,535,760.84. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 195,359 shares of company stock valued at $15,103,486 over the last ninety days. Corporate insiders own 1.10% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ATI. Evergreen Capital Management LLC lifted its holdings in ATI by 2.3% in the 1st quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company's stock worth $413,000 after buying an additional 176 shares in the last quarter. Keystone Financial Group increased its position in shares of ATI by 5.3% during the fourth quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock worth $217,000 after acquiring an additional 200 shares during the last quarter. Pier 88 Investment Partners LLC lifted its stake in shares of ATI by 3.0% in the fourth quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock worth $419,000 after acquiring an additional 220 shares in the last quarter. Maven Securities LTD boosted its holdings in ATI by 4.4% in the first quarter. Maven Securities LTD now owns 5,848 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 248 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in ATI by 1.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company's stock valued at $898,000 after purchasing an additional 265 shares in the last quarter.
About ATI
(
Get Free Report)
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.
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