ATI Inc. (NYSE:ATI) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in ATI Inc. (NYSE:ATI) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,304,155 shares of the basic materials company’s stock after selling 55,415 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in ATI were worth $71,781,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ATI. ORG Wealth Partners LLC bought a new stake in ATI in the fourth quarter valued at about $25,000. Quarry LP grew its position in shares of ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 412 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of ATI in the 4th quarter valued at approximately $94,000. EverSource Wealth Advisors LLC lifted its stake in ATI by 20.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 288 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 1,690 shares during the period.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ATI shares. Benchmark raised their price target on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Barclays raised their target price on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Susquehanna upped their target price on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.00.

ATI Stock Performance

Shares of ATI opened at $51.01 on Friday. ATI Inc. has a 52-week low of $47.90 and a 52-week high of $68.92. The firm has a market capitalization of $7.25 billion, a PE ratio of 20.00, a P/E/G ratio of 0.85 and a beta of 1.14. The firm has a 50-day moving average price of $57.10 and a 200 day moving average price of $58.50. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion for 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 firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. On average, sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company’s stock.

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.