ATI Inc. (NYSE:ATI) Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in ATI Inc. by 3.3%, owning a total of 4,850,439 shares valued at approximately $252 million as of its latest SEC filing.
• Several other institutional investors have also adjusted their positions in ATI, with significant changes including a 338.1% increase by CenterBook Partners LP and a 12.9% increase by Swiss National Bank during the first quarter.
• ATI's stock has received mixed ratings from analysts, with a price target ranging from $75.00 to $120.00, and an average rating of "Moderate Buy" as per recent evaluations.

Invesco Ltd. raised its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,850,439 shares of the basic materials company's stock after buying an additional 153,939 shares during the period. Invesco Ltd. owned about 3.44% of ATI worth $252,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in ATI during the first quarter valued at approximately $1,243,000. Bank of New York Mellon Corp lifted its position in ATI by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 902,200 shares of the basic materials company's stock valued at $46,941,000 after buying an additional 11,048 shares in the last quarter. GAMMA Investing LLC lifted its position in ATI by 39.2% during the first quarter. GAMMA Investing LLC now owns 3,478 shares of the basic materials company's stock valued at $181,000 after buying an additional 979 shares in the last quarter. KBC Group NV lifted its position in ATI by 14.2% during the first quarter. KBC Group NV now owns 5,779 shares of the basic materials company's stock valued at $301,000 after buying an additional 720 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in ATI by 139.9% during the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after buying an additional 386 shares in the last quarter.

ATI Stock Down 2.1%

Shares of NYSE:ATI traded down $1.54 during midday trading on Friday, reaching $72.48. The company had a trading volume of 1,936,936 shares, compared to its average volume of 2,331,317. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20. The stock's fifty day moving average price is $84.67 and its 200-day moving average price is $68.52. The stock has a market capitalization of $9.99 billion, a P/E ratio of 25.17, a PEG ratio of 0.99 and a beta of 1.20. ATI Inc. has a one year low of $39.23 and a one year high of $96.20.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ATI news, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of the sale, the director owned 44,777 shares in the company, valued at $3,394,544.37. The trade was a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the sale, the chairman owned 306,538 shares of the company's stock, valued at approximately $22,886,127.08. The trade was a 14.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,259 shares of company stock valued at $16,026,385. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on shares of ATI and gave the company a "hold" rating in a research note on Tuesday, July 8th. Barclays lifted their price objective on shares of ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Susquehanna dropped their price objective on shares of ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a research note on Friday, August 1st. Finally, KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, ATI has an average rating of "Moderate Buy" and a consensus price target of $93.29.

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.