ATI Inc. (NYSE:ATI) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in ATI Inc. (NYSE:ATI - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 597,174 shares of the basic materials company's stock after buying an additional 16,980 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.42% of ATI worth $32,868,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ATI. Mainstream Capital Management LLC acquired a new stake in ATI during the 4th quarter worth approximately $94,000. EverSource Wealth Advisors LLC increased its holdings in shares of ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after acquiring an additional 288 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 1,690 shares during the last quarter. Blue Trust Inc. grew its stake in ATI by 137.7% in the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company's stock valued at $144,000 after buying an additional 1,516 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings 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 valued at $215,000 after buying an additional 192 shares in the last quarter.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of research analyst reports. KeyCorp downgraded ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. BTIG Research set a $105.00 price objective on ATI and gave the company a "buy" rating in a research note on Wednesday. Benchmark reissued a "buy" rating and set a $81.00 price objective on shares of ATI in a research report on Monday, April 21st. Wall Street Zen raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Citigroup upgraded ATI to a "positive" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $78.29.

ATI Trading Down 0.1%

NYSE ATI traded down $0.08 during trading hours on Friday, hitting $79.68. 1,668,101 shares of the company were exchanged, compared to its average volume of 1,764,143. The stock has a market cap of $11.24 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $80.68. The stock has a 50-day moving average price of $59.77 and a 200 day moving average price of $58.05. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88.

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 for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction on 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 now directly owns 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

ATI Company 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.