Barrow Hanley Mewhinney & Strauss LLC Has $75.79 Million Holdings in ATI Inc. (NYSE:ATI)

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of ATI Inc. (NYSE:ATI) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,366,849 shares of the basic materials company’s stock after acquiring an additional 14,664 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.10% of ATI worth $75,792,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ATI. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of ATI in the 1st quarter valued at $51,000. EverSource Wealth Advisors LLC raised its holdings in ATI by 294.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock valued at $69,000 after buying an additional 1,010 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of ATI in the second quarter worth about $88,000. GAMMA Investing LLC lifted its position in shares of ATI by 46.5% in the first quarter. GAMMA Investing LLC now owns 1,868 shares of the basic materials company’s stock worth $96,000 after buying an additional 593 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of ATI by 211.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 1,800 shares in the last quarter.

Insider Buying and Selling

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.61, for a total value of $1,540,250.00. Following the sale, the chairman now owns 511,443 shares of the company’s stock, valued at approximately $31,510,003.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is owned by company insiders.

ATI Stock Performance

NYSE:ATI opened at $63.84 on Friday. The firm’s 50-day moving average is $62.60 and its 200-day moving average is $57.61. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.51 and a beta of 1.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.07 and a current ratio of 2.13. ATI Inc. has a 52-week low of $35.03 and a 52-week high of $68.92.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. ATI had a return on equity of 23.05% and a net margin of 8.74%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that ATI Inc. will post 2.48 earnings per share for the current year.

ATI announced that its board has authorized a stock repurchase plan on Tuesday, September 3rd that authorizes the company to repurchase $700.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 9.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATI. Deutsche Bank Aktiengesellschaft raised their price objective on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Susquehanna initiated coverage on shares of ATI in a research note on Thursday, September 5th. They issued a “positive” rating and a $75.00 price objective for the company. BTIG Research initiated coverage on shares of ATI in a report on Wednesday, June 26th. They set a “buy” rating and a $70.00 price objective for the company. KeyCorp lifted their target price on shares of ATI from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of ATI from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.00.

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.