Graphene Investments SAS increased its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,400 shares of the basic materials company's stock after purchasing an additional 6,300 shares during the quarter. ATI makes up approximately 2.0% of Graphene Investments SAS's portfolio, making the stock its 26th largest position. Graphene Investments SAS's holdings in ATI were worth $2,778,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC lifted its stake in ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 304 shares during the last quarter. Bessemer Group Inc. lifted its stake in ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 386 shares during the last quarter. Register Financial Advisors LLC lifted its stake in ATI by 2.0% in the first quarter. Register Financial Advisors LLC now owns 51,253 shares of the basic materials company's stock valued at $2,667,000 after acquiring an additional 1,000 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in ATI in the first quarter valued at approximately $9,033,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in ATI by 17.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,052 shares of the basic materials company's stock valued at $1,460,000 after acquiring an additional 4,126 shares during the last quarter.
Insider Transactions at ATI
In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the transaction, the chairman owned 506,538 shares of the company's stock, valued at approximately $34,535,760.84. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 195,359 shares of company stock worth $15,103,486 over the last 90 days. Insiders own 1.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on ATI shares. Citigroup upgraded shares of ATI to a "positive" rating in a research note on Tuesday, May 20th. KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Benchmark reissued a "buy" rating and issued a $81.00 price target on shares of ATI in a research report on Monday, April 21st. Finally, BTIG Research set a $105.00 price target on shares of ATI and gave the company a "buy" rating in a research report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, ATI presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.29.
Check Out Our Latest Report on ATI
ATI Stock Performance
ATI stock traded down $0.31 on Monday, reaching $86.49. 1,659,169 shares of the company were exchanged, compared to its average volume of 1,726,174. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $87.75. The stock's fifty day moving average price is $74.93 and its 200 day moving average price is $61.79. The firm has a market capitalization of $12.20 billion, a PE ratio of 31.34, a PEG ratio of 1.22 and a beta of 1.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.53 and a quick ratio of 1.30.
ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. ATI had a net margin of 8.93% and a return on equity of 21.37%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. ATI's revenue was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.
ATI Profile
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Free Report)
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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