ATI Inc. (NYSE:ATI) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 16.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,900 shares of the basic materials company's stock after selling 5,621 shares during the period. Oregon Public Employees Retirement Fund's holdings in ATI were worth $1,452,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Capital International Investors boosted its position in ATI by 5.4% during the 4th quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock worth $875,190,000 after purchasing an additional 817,182 shares during the period. Vanguard Group Inc. boosted its position in ATI by 15.2% during the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock worth $844,061,000 after purchasing an additional 2,020,313 shares during the period. Capital World Investors boosted its position in ATI by 100.5% during the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock worth $378,432,000 after purchasing an additional 3,446,919 shares during the period. Invesco Ltd. boosted its position in ATI by 4.5% during the 4th quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company's stock worth $258,495,000 after purchasing an additional 203,742 shares during the period. Finally, Dendur Capital LP boosted its position in ATI by 601.7% during the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock worth $196,328,000 after purchasing an additional 3,058,628 shares during the period.

Analysts Set New Price Targets

A number of analysts recently weighed in on ATI shares. KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. BTIG Research set a $105.00 price objective on shares of ATI and gave the stock a "buy" rating in a report on Wednesday, May 28th. Citigroup upgraded shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Finally, Benchmark reiterated a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.29.

ATI Stock Up 0.7%

ATI stock traded up $0.62 during trading on Monday, reaching $87.47. The stock had a trading volume of 1,229,621 shares, compared to its average volume of 1,729,966. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $88.78. 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 company has a market capitalization of $12.34 billion, a P/E ratio of 31.69, a PEG ratio of 1.22 and a beta of 1.13. The firm has a fifty day moving average price of $78.43 and a 200 day moving average price of $62.88.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.93% and a return on equity of 21.37%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. On average, equities analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $83.93, for a total value of $4,196,500.00. Following the sale, the chairman owned 356,538 shares in the company, valued at approximately $29,924,234.34. This represents a 12.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 195,359 shares of company stock valued at $15,103,486. Corporate 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.