ATI Inc. (NYSE:ATI) Receives Average Rating of “Moderate Buy” from Brokerages

ATI Inc. (NYSE:ATI) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $73.71.

ATI has been the topic of several research reports. KeyCorp lowered ATI from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. StockNews.com lowered ATI from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. Finally, Susquehanna dropped their target price on ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th.

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 25,000 shares of the 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 completion of the sale, the chairman now owns 436,443 shares in the company, valued at $25,745,772.57. This represents a 5.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 of the company’s stock, valued at approximately $1,293,611.06. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.

Institutional Trading of ATI

A number of hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in shares of 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 acquiring an additional 172 shares during the period. CIBC Asset Management Inc lifted its position in shares of 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 acquiring an additional 192 shares during the period. Hantz Financial Services Inc. lifted its position in shares of 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 acquiring an additional 240 shares during the period. KBC Group NV lifted its position in shares of 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 acquiring an additional 385 shares during the period. Finally, Souders Financial Advisors lifted its position in shares of 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 acquiring an additional 411 shares during the period.

ATI Stock Down 1.1 %

NYSE:ATI opened at $57.16 on Monday. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.60 and a beta of 1.12. ATI has a 1-year low of $38.04 and a 1-year high of $68.92. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The business’s fifty day moving average price is $57.01 and its 200 day moving average price is $60.14.

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.