Moody Aldrich Partners LLC Sells 16,930 Shares of ATI Inc. (NYSE:ATI)

Moody Aldrich Partners LLC cut its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 21.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,853 shares of the basic materials company's stock after selling 16,930 shares during the period. Moody Aldrich Partners LLC's holdings in ATI were worth $3,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after buying an additional 304 shares during the period. Bessemer Group Inc. boosted its holdings in shares of ATI by 139.9% during the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after buying an additional 386 shares during the period. Fifth Third Bancorp boosted its holdings in shares of ATI by 115.7% during the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock worth $58,000 after buying an additional 603 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of ATI by 418.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company's stock worth $69,000 after buying an additional 1,062 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of ATI by 86.2% during the 1st quarter. UMB Bank n.a. now owns 1,579 shares of the basic materials company's stock worth $82,000 after buying an additional 731 shares during the period.

Insider Buying and Selling

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chairman directly owned 506,538 shares in the company, valued at $34,535,760.84. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 195,359 shares of company stock worth $15,103,486 in the last three months. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

ATI has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday, April 21st. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Citigroup raised shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Finally, BTIG Research set a $105.00 price objective on shares of ATI and gave the company a "buy" rating in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $78.29.

ATI Price Performance

ATI traded up $1.23 during trading on Friday, hitting $86.85. 1,115,436 shares of the stock traded hands, compared to its average volume of 1,729,209. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $87.75. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 31.47, 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. The business has a 50 day moving average price of $77.08 and a 200 day moving average price of $62.31.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. Equities research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

ATI 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.