Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 3,848 Shares of ATI Inc. (NYSE:ATI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of ATI Inc. (NYSE:ATI) by 14.5% during the fourth quarter, Holdings Channel reports. The fund owned 30,452 shares of the basic materials company’s stock after buying an additional 3,848 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ATI were worth $1,676,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of ATI by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock valued at $86,031,000 after purchasing an additional 191,823 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in ATI during the third quarter valued at about $765,000. Franklin Resources Inc. grew its stake in shares of ATI by 16.2% during the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock valued at $27,993,000 after buying an additional 61,999 shares during the last quarter. Covea Finance increased its holdings in shares of ATI by 32.7% in the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock worth $3,578,000 after buying an additional 16,000 shares during the period. Finally, Forest Avenue Capital Management LP bought a new stake in shares of ATI in the 3rd quarter valued at about $28,700,000.

Insider Activity at ATI

In other ATI 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

ATI Stock Up 0.0 %

Shares of ATI stock opened at $54.21 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. ATI Inc. has a 12-month low of $47.90 and a 12-month high of $68.92. The company has a market cap of $7.71 billion, a P/E ratio of 21.26, a PEG ratio of 0.85 and a beta of 1.14. The company’s fifty day simple moving average is $57.38 and its two-hundred day simple moving average is $58.63.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion during 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 was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

ATI 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.