Barrow Hanley Mewhinney & Strauss LLC Lowers Holdings in ATI Inc. (NYSE:ATI)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in ATI Inc. (NYSE:ATI - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,304,155 shares of the basic materials company's stock after selling 55,415 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.91% of ATI worth $71,781,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ATI. Capital International Investors lifted its holdings in shares of ATI by 5.4% in the 4th quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock worth $875,190,000 after purchasing an additional 817,182 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 2,020,313 shares in the last quarter. Capital World Investors grew its holdings in shares of ATI by 100.5% during the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock valued at $378,432,000 after buying an additional 3,446,919 shares during the last quarter. Invesco Ltd. increased its position in shares of ATI by 4.5% during the fourth quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company's stock worth $258,495,000 after acquiring an additional 203,742 shares in the last quarter. Finally, Dendur Capital LP raised its holdings in shares of ATI by 601.7% in the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock worth $196,328,000 after acquiring an additional 3,058,628 shares during the last quarter.

Insider Activity

In related 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 sale, 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 document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ATI shares. KeyCorp downgraded ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Barclays raised their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Susquehanna raised their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. Wall Street Zen upgraded shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Citigroup raised shares of ATI to a "positive" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $76.14.

ATI Stock Performance

Shares of ATI traded up $0.45 during trading hours on Wednesday, hitting $79.92. The company's stock had a trading volume of 721,284 shares, compared to its average volume of 1,750,074. The business has a 50 day simple moving average of $58.19 and a two-hundred day simple moving average of $57.61. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $81.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 0.85 and a beta of 1.01.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, topping 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 company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $0.48 EPS. ATI's revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

ATI Company 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.