Robert S. Wetherbee Sells 45,359 Shares of ATI Inc. (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI - Get Free Report) Chairman Robert S. Wetherbee sold 45,359 shares of ATI stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $75.31, for a total transaction of $3,415,986.29. Following the transaction, the chairman now directly owns 461,179 shares of the company's stock, valued at $34,731,390.49. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ATI Trading Down 0.1%

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

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. As a group, equities research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

ATI has been the topic of several recent analyst reports. Citigroup upgraded shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Benchmark restated a "buy" rating and set a $81.00 price objective on shares of ATI in a report on Monday, April 21st. Barclays upped their price objective on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 10th. BTIG Research set a $105.00 price objective on shares of ATI and gave the company a "buy" rating in a report on Wednesday. Finally, Susquehanna upped their price objective on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, ATI has an average rating of "Moderate Buy" and an average target price of $78.29.

Institutional Investors Weigh In On ATI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of ATI by 100.5% in the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock valued at $378,432,000 after purchasing an additional 3,446,919 shares during the period. Dendur Capital LP increased its holdings in shares of ATI by 601.7% in the fourth quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock valued at $196,328,000 after purchasing an additional 3,058,628 shares during the period. Vanguard Group Inc. increased its holdings in shares of ATI by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock valued at $844,061,000 after purchasing an additional 2,020,313 shares during the period. Norges Bank acquired a new position in shares of ATI in the fourth quarter valued at approximately $85,047,000. Finally, Forest Avenue Capital Management LP acquired a new position in shares of ATI in the first quarter valued at approximately $44,867,000.

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.