Principal Financial Group Inc. Has $30.18 Million Stock Holdings in ATI Inc. (NYSE:ATI)

Principal Financial Group Inc. decreased its holdings in ATI Inc. (NYSE:ATI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 663,754 shares of the basic materials company's stock after selling 23,747 shares during the quarter. Principal Financial Group Inc. owned approximately 0.52% of ATI worth $30,181,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in ATI by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,722 shares of the basic materials company's stock valued at $105,394,000 after buying an additional 139,694 shares in the last quarter. Palestra Capital Management LLC raised its stake in ATI by 839.0% during the third quarter. Palestra Capital Management LLC now owns 2,190,728 shares of the basic materials company's stock valued at $90,148,000 after buying an additional 1,957,416 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in ATI by 34.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,581,625 shares of the basic materials company's stock valued at $65,084,000 after buying an additional 404,797 shares in the last quarter. Northern Trust Corp raised its stake in ATI by 4.5% during the third quarter. Northern Trust Corp now owns 1,441,549 shares of the basic materials company's stock valued at $59,320,000 after buying an additional 61,582 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in ATI by 3.3% during the fourth quarter. Federated Hermes Inc. now owns 1,258,969 shares of the basic materials company's stock valued at $57,245,000 after buying an additional 40,419 shares in the last quarter.

ATI Stock Performance

ATI stock traded down $0.33 on Friday, reaching $60.27. The company's stock had a trading volume of 1,678,808 shares, compared to its average volume of 1,540,402. ATI Inc. has a 52 week low of $34.10 and a 52 week high of $62.44. The company has a market capitalization of $7.50 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The firm has a fifty day moving average of $52.95 and a two-hundred day moving average of $46.99. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.37.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. ATI had a return on equity of 23.72% and a net margin of 8.70%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted $0.49 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts predict that ATI Inc. will post 2.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on ATI shares. Barclays upped their price objective on ATI from $55.00 to $70.00 and gave the company an "overweight" rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft assumed coverage on ATI in a research report on Thursday, April 11th. They set a "buy" rating and a $70.00 price target on the stock. TheStreet upgraded ATI from a "c+" rating to a "b-" rating in a research report on Friday, January 26th. Finally, KeyCorp increased their price target on ATI from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.00.

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.