Charles Schwab Investment Management Inc. Raises Stake in ATI Inc. (NYSE:ATI)

Charles Schwab Investment Management Inc. raised its holdings in shares of ATI Inc. (NYSE:ATI) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,563,062 shares of the basic materials company’s stock after purchasing an additional 191,823 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.10% of ATI worth $86,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in shares of ATI in the fourth quarter worth approximately $25,000. Quarry LP boosted its stake in shares of ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 412 shares during the period. Smartleaf Asset Management LLC lifted its stake 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 acquiring an additional 1,690 shares during the period. Blue Trust Inc. lifted its stake in ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 1,516 shares during the period. Finally, KBC Group NV lifted its stake in ATI by 12.9% in the third 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.

ATI Stock Performance

Shares of ATI stock opened at $51.30 on Tuesday. ATI Inc. has a 12 month low of $47.58 and a 12 month high of $68.92. The stock’s fifty day moving average price is $58.16 and its 200-day moving average price is $59.50. The firm has a market cap of $7.29 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.85 and a beta of 1.14. The company has a current ratio of 2.44, a quick ratio of 1.32 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 for the quarter, topping the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 billion during 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 quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. On average, equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.71% of the company’s stock.

ATI Company 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.