Posted by admin on Aug 18th, 2022

Shares of ATI Inc. (NYSE:ATI – Get Rating) have been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $30.14.

A number of equities research analysts recently issued reports on ATI shares. Wolfe Research upgraded ATI from a “peer perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research report on Friday, August 5th. Benchmark increased their price objective on ATI to $37.00 in a research report on Tuesday, August 9th. Finally, KeyCorp increased their price objective on ATI from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th.

In other news, CAO Karl D. Schwartz sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the transaction, the chief accounting officer now directly owns 64,833 shares of the company’s stock, valued at $1,620,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Karl D. Schwartz sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the transaction, the chief accounting officer now directly owns 64,833 shares of the company’s stock, valued at $1,620,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Karl D. Schwartz sold 1,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $31.22, for a total transaction of $31,220.00. Following the sale, the chief accounting officer now owns 63,833 shares of the company’s stock, valued at $1,992,866.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,500 shares of company stock valued at $381,220. 0.82% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the business. Bowen Hanes & Co. Inc. purchased a new position in shares of ATI during the 1st quarter valued at $40,221,000. State Street Corp lifted its position in shares of ATI by 14.8% in the 1st quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock worth $266,817,000 after purchasing an additional 1,279,827 shares during the period. Capital International Investors lifted its position in shares of ATI by 9.8% in the 4th quarter. Capital International Investors now owns 12,176,850 shares of the basic materials company’s stock worth $193,977,000 after purchasing an additional 1,089,416 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in ATI by 17.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,540,724 shares of the basic materials company’s stock valued at $72,334,000 after acquiring an additional 669,769 shares during the last quarter. Finally, Invesco Ltd. lifted its position in ATI by 105.4% during the first quarter. Invesco Ltd. now owns 1,181,206 shares of the basic materials company’s stock valued at $31,703,000 after acquiring an additional 606,005 shares during the last quarter.

NYSE:ATI opened at $32.52 on Thursday. The company has a market cap of $4.22 billion, a P/E ratio of 813.20 and a beta of 1.31. The stock’s fifty day moving average price is $24.69 and its two-hundred day moving average price is $25.72. ATI has a 1 year low of $13.85 and a 1 year high of $32.99. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.89 and a quick ratio of 1.30.

ATI (NYSE:ATI – Get Rating) last posted its earnings results on Thursday, August 4th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.17. The firm had revenue of $959.50 million for the quarter, compared to the consensus estimate of $837.33 million. ATI had a return on equity of 21.63% and a net margin of 0.36%. The business’s quarterly revenue was up 55.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.12) earnings per share. As a group, analysts expect that ATI will post 2.05 EPS for the current year.

ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.

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