D.A. Davidson & CO. Boosts Stock Position in ATI Inc. (NYSE:ATI)

D.A. Davidson & CO. boosted its holdings in ATI Inc. (NYSE:ATI) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,767 shares of the basic materials company’s stock after buying an additional 530 shares during the period. D.A. Davidson & CO.’s holdings in ATI were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in ATI by 3.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company’s stock worth $360,000 after buying an additional 172 shares during the last quarter. CIBC Asset Management Inc boosted its stake in ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock worth $215,000 after buying an additional 192 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in ATI by 2.1% in the 4th quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock worth $643,000 after buying an additional 240 shares during the last quarter. KBC Group NV boosted its stake in ATI by 12.9% in the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after buying an additional 385 shares during the last quarter. Finally, Souders Financial Advisors boosted its stake in ATI by 6.1% in the 3rd quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company’s stock worth $477,000 after buying an additional 411 shares during the last quarter.

ATI Stock Performance

Shares of NYSE:ATI opened at $56.27 on Wednesday. The company has a market cap of $8.03 billion, a P/E ratio of 22.07, a PEG ratio of 0.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a one year low of $45.91 and a one year high of $68.92. The business’s 50-day simple moving average is $57.93 and its 200 day simple moving average is $59.97.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. On average, sell-side analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the sale, the chairman now directly owns 436,443 shares in the company, valued at $25,745,772.57. The trade was a 5.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now owns 21,553 shares in the company, valued at $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,498 shares of company stock worth $2,288,141 in the last three months. 1.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of research analyst reports. Barclays raised their price target on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Susquehanna lifted their price objective on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Benchmark lifted their price objective on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.00.

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.