ATI Inc. (NYSE:ATI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in ATI Inc. (NYSE:ATI - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,492,516 shares of the basic materials company's stock after selling 70,546 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.06% of ATI worth $77,656,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ATI. Capital World Investors grew its position in shares of ATI by 100.5% in the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock worth $378,432,000 after buying an additional 3,446,919 shares during the last quarter. Dendur Capital LP raised its stake in ATI by 601.7% during the fourth quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock valued at $196,328,000 after buying an additional 3,058,628 shares during the last quarter. Capital International Investors raised its stake in ATI by 5.4% during the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock valued at $875,190,000 after buying an additional 817,182 shares during the last quarter. Anomaly Capital Management LP bought a new stake in shares of ATI in the 4th quarter worth $34,999,000. Finally, Woodline Partners LP grew its holdings in shares of ATI by 132.0% in the fourth quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company's stock worth $54,585,000 after acquiring an additional 564,308 shares during the period.

Wall Street Analysts Forecast Growth

ATI has been the subject of several recent research reports. Citigroup raised ATI to a "positive" rating in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Benchmark reissued a "buy" rating and set a $81.00 price objective on shares of ATI in a research note on Monday, April 21st. Barclays upped their target price on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.29.

ATI Stock Performance

ATI traded down $1.54 during midday trading on Friday, hitting $72.48. 1,936,936 shares of the company were exchanged, compared to its average volume of 2,331,317. The company's 50 day simple moving average is $84.67 and its 200 day simple moving average is $68.46. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20.

ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the firm earned $0.60 EPS. The company's quarterly revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Activity at ATI

In other news, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction that occurred 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 sale, the director owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction that occurred 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 directly owned 306,538 shares in the company, 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. Over the last 90 days, insiders have sold 203,259 shares of company stock worth $16,026,385. Insiders own 1.10% of the company's stock.

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.