Segall Bryant & Hamill LLC Has $9.29 Million Position in ATI Inc. (NYSE:ATI)

Segall Bryant & Hamill LLC grew its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,565 shares of the basic materials company's stock after purchasing an additional 8,169 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.13% of ATI worth $9,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ATI. Golden State Wealth Management LLC lifted its position in shares of ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after purchasing an additional 304 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after purchasing an additional 386 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in shares of ATI in the first quarter worth approximately $36,000. Fifth Third Bancorp lifted its position in shares of ATI by 115.7% in the first quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock worth $58,000 after purchasing an additional 603 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of ATI by 418.1% in the first quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company's stock worth $69,000 after purchasing an additional 1,062 shares in the last quarter.

Analyst Ratings Changes

ATI has been the topic of several recent research reports. Citigroup raised shares of ATI to a "positive" rating in a research report 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 reaffirmed a "buy" rating and set a $81.00 price objective on shares of ATI in a research report on Monday, April 21st. Susquehanna raised their price objective on shares of ATI from $73.00 to $105.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Finally, BTIG Research set a $105.00 price objective on shares of ATI and gave the company a "buy" rating in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, ATI has an average rating of "Moderate Buy" and a consensus target price of $87.29.

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $68.18, for a total value of $3,409,000.00. Following the completion of the sale, the chairman directly owned 506,538 shares in the company, valued at $34,535,760.84. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 195,359 shares of company stock valued at $15,103,486 over the last three months. Insiders own 1.10% of the company's stock.

ATI Stock Performance

ATI stock traded up $0.82 during midday trading on Friday, hitting $93.39. The stock had a trading volume of 1,230,167 shares, compared to its average volume of 1,747,337. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 1.24 and a beta of 1.13. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $93.75. The stock has a 50-day simple moving average of $82.91 and a 200 day simple moving average of $64.91. The company has a current ratio of 2.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.86.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. ATI had a return on equity of 21.37% and a net margin of 8.93%. The business's revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. As a group, equities research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current 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.