Keybank National Association OH cut its position in shares of ATI Inc. (NYSE:ATI – Free Report) by 36.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,825 shares of the basic materials company’s stock after selling 3,290 shares during the period. Keybank National Association OH’s holdings in ATI were worth $847,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in ATI. Lido Advisors LLC increased its holdings in ATI by 2.7% in the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after buying an additional 101 shares during the last quarter. Activest Wealth Management increased its position in ATI by 17.6% during the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock worth $96,000 after buying an additional 125 shares during the last quarter. D.A. Davidson & CO. raised its holdings in ATI by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock valued at $827,000 after buying an additional 140 shares in the last quarter. ARK Investment Management LLC raised its holdings in ATI by 19.8% during the fourth quarter. ARK Investment Management LLC now owns 889 shares of the basic materials company’s stock valued at $102,000 after buying an additional 147 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of ATI by 0.3% in the fourth quarter. Janus Henderson Group PLC now owns 60,508 shares of the basic materials company’s stock worth $6,945,000 after buying an additional 154 shares during the last quarter.
ATI Stock Down 4.7%
Shares of ATI stock opened at $182.99 on Wednesday. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $205.31. The firm has a market cap of $24.97 billion, a PE ratio of 60.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. The stock has a 50 day moving average of $176.86 and a 200-day moving average of $152.66. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.
Insider Activity
In other news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 120,442 shares of company stock worth $21,219,431. Insiders own 0.98% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Weiss Ratings downgraded ATI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Susquehanna boosted their price objective on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, April 10th. KeyCorp raised their target price on shares of ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. BTIG Research raised their target price on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $168.88.
Get Our Latest Analysis on ATI
ATI Company Profile
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
Featured Articles
- Five stocks we like better than ATI
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for ATI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI and related companies with MarketBeat.com's FREE daily email newsletter.
