Invesco Ltd. Buys 203,742 Shares of ATI Inc. (NYSE:ATI)

Invesco Ltd. boosted its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,696,500 shares of the basic materials company's stock after acquiring an additional 203,742 shares during the period. Invesco Ltd. owned approximately 3.29% of ATI worth $258,495,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc increased its position in shares of ATI by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 192 shares during the period. Pier 88 Investment Partners LLC increased its holdings in ATI by 3.0% in the 4th quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock valued at $419,000 after buying an additional 220 shares during the period. Hantz Financial Services Inc. raised its stake in shares of ATI by 2.1% in the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock valued at $643,000 after buying an additional 240 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 period. Finally, Arizona State Retirement System boosted its stake in shares of ATI by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,122 shares of the basic materials company's stock valued at $1,988,000 after purchasing an additional 289 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Susquehanna lifted their target price on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. Barclays increased their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Finally, Benchmark upped their target price on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $75.00.

ATI Trading Down 1.1 %

NYSE:ATI traded down $0.53 during mid-day trading on Wednesday, hitting $46.70. The company had a trading volume of 358,551 shares, compared to its average volume of 2,060,011. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $68.92. The firm has a market cap of $6.59 billion, a P/E ratio of 18.31, a P/E/G ratio of 0.85 and a beta of 0.80. The business's fifty day moving average is $53.73 and its two-hundred day moving average is $56.95.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. ATI's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. As a group, research analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the sale, the senior vice president now owns 25,994 shares of the company's stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.71% 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.