Barrow Hanley Mewhinney & Strauss LLC Trims Stake in ATI Inc. (NYSE:ATI)

Barrow Hanley Mewhinney & Strauss LLC lessened its position in ATI Inc. (NYSE:ATI - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,304,155 shares of the basic materials company's stock after selling 55,415 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.91% of ATI worth $71,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ATI. Mainstream Capital Management LLC bought a new position in ATI in the fourth quarter worth $94,000. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 288 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of 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 position in ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 1,516 shares during the period. Finally, CIBC Asset Management Inc lifted its position in ATI by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after acquiring an additional 192 shares during the period.

ATI Trading Down 0.1%

Shares of ATI opened at $75.12 on Friday. The stock has a market capitalization of $10.60 billion, a PE ratio of 29.46, a P/E/G ratio of 0.85 and a beta of 1.01. The company's fifty day moving average is $56.68 and its 200 day moving average is $57.20. 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 fifty-two week low of $39.23 and a fifty-two week high of $76.74.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $1.14 billion during 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 company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. Sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity at ATI

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

Analyst Upgrades and Downgrades

ATI has been the subject of several recent research reports. Barclays lifted their target price on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Wall Street Zen raised ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Benchmark reiterated a "buy" rating and set a $81.00 price objective on shares of ATI in a research note on Monday, April 21st. Citigroup raised ATI to a "positive" rating in a report on Tuesday. Finally, Susquehanna raised their price target on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, ATI presently has an average rating of "Moderate Buy" and a consensus price target of $76.14.

About ATI

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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