Envestnet Portfolio Solutions Inc. Buys 4,126 Shares of ATI Inc. (NYSE:ATI)

Envestnet Portfolio Solutions Inc. increased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 17.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,052 shares of the basic materials company's stock after purchasing an additional 4,126 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in ATI were worth $1,460,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its stake in ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock worth $215,000 after buying an additional 192 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of ATI by 5.7% during the fourth quarter. D.A. Davidson & CO. now owns 9,767 shares of the basic materials company's stock worth $538,000 after purchasing an additional 530 shares in the last quarter. Ieq Capital LLC raised its stake in ATI by 422.3% during the 4th quarter. Ieq Capital LLC now owns 20,125 shares of the basic materials company's stock valued at $1,108,000 after purchasing an additional 16,272 shares during the period. Mengis Capital Management Inc. raised its stake in ATI by 1.9% during the 4th quarter. Mengis Capital Management Inc. now owns 80,332 shares of the basic materials company's stock valued at $4,421,000 after purchasing an additional 1,530 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in ATI by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 891,152 shares of the basic materials company's stock worth $49,049,000 after purchasing an additional 12,907 shares in the last quarter.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 45,359 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $75.31, for a total transaction of $3,415,986.29. Following the completion of the transaction, the chairman now owns 461,179 shares in the company, valued at $34,731,390.49. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 195,359 shares of company stock worth $15,103,486 over the last quarter. Insiders own 1.10% of the company's stock.

ATI Trading Up 1.4%

Shares of NYSE:ATI traded up $1.16 during trading on Friday, reaching $86.84. The company's stock had a trading volume of 2,590,533 shares, compared to its average volume of 1,785,576. The stock has a market capitalization of $12.25 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $87.30. The company has a current ratio of 2.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.86. The firm's 50 day simple moving average is $73.26 and its two-hundred day simple moving average is $61.30.

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. ATI had a return on equity of 21.37% and a net margin of 8.93%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.48 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ATI has been the topic of several research analyst reports. BTIG Research set a $105.00 target price on shares of ATI and gave the stock a "buy" rating in a report on Wednesday, May 28th. Citigroup raised shares of ATI to a "positive" rating in a report on Tuesday, May 20th. KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Finally, Benchmark reiterated a "buy" rating and issued a $81.00 target price on shares of ATI in a research report on Monday, April 21st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.29.

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.