Northern Trust Corp Increases Stock Holdings in ATI Inc. (NYSE:ATI)

Northern Trust Corp raised its position in ATI Inc. (NYSE:ATI - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 946,671 shares of the basic materials company's stock after buying an additional 270,055 shares during the quarter. Northern Trust Corp owned about 0.66% of ATI worth $52,105,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors increased its stake 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 worth $378,432,000 after purchasing an additional 3,446,919 shares in the last quarter. Dendur Capital LP lifted its position in shares of ATI by 601.7% during the fourth quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock worth $196,328,000 after acquiring an additional 3,058,628 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of ATI by 15.2% during the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock worth $844,061,000 after acquiring an additional 2,020,313 shares in the last quarter. Norges Bank purchased a new position in shares of ATI in the fourth quarter valued at $85,047,000. Finally, Capital International Investors lifted its holdings 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 in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on ATI. KeyCorp raised shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 target price on the stock in a report on Wednesday, April 23rd. BTIG Research set a $90.00 target price on ATI and gave the stock a "buy" rating in a research note on Monday, May 5th. Barclays lifted their price objective on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Benchmark reiterated a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $76.14.

Insider Activity at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the transaction, the chairman now owns 506,538 shares in the company, valued at approximately $34,535,760.84. This represents a 8.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

ATI Stock Up 0.6 %

Shares of ATI traded up $0.40 on Friday, reaching $71.46. The stock had a trading volume of 1,920,363 shares, compared to its average volume of 1,730,616. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $72.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The company has a 50-day simple moving average of $52.71 and a 200-day simple moving average of $56.07. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the previous year, the firm posted $0.48 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current year.

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.