ATI (NYSE:ATI) Upgraded at StockNews.com

StockNews.com upgraded shares of ATI (NYSE:ATI) from a sell rating to a hold rating in a report released on Friday.

Other equities analysts have also recently issued reports about the stock. Susquehanna cut their target price on shares of ATI from $75.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. KeyCorp cut shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on ATI from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, ATI has a consensus rating of “Moderate Buy” and an average target price of $73.71.

ATI Stock Performance

Shares of ATI opened at $57.16 on Friday. The company has a market capitalization of $8.15 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.47 and a beta of 1.12. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44. ATI has a one year low of $38.04 and a one year high of $68.92. The company’s fifty day moving average price is $57.00 and its 200 day moving average price is $60.17.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). ATI had a return on equity of 21.39% and a net margin of 8.85%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts expect that ATI will post 2.28 earnings per share for the current year.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the firm’s 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 of the company’s stock, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ATI

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its holdings in shares of ATI by 3.3% in the third quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company’s stock valued at $360,000 after buying an additional 172 shares during the last quarter. Beck Capital Management LLC raised its stake in shares of ATI by 0.8% in the second quarter. Beck Capital Management LLC now owns 34,229 shares of the basic materials company’s stock worth $1,898,000 after acquiring an additional 262 shares during the last quarter. KBC Group NV lifted its position in shares of ATI by 12.9% during the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 385 shares in the last quarter. Souders Financial Advisors grew its stake in shares of ATI by 6.1% during the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company’s stock valued at $477,000 after purchasing an additional 411 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of ATI by 86.4% in 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 in the last quarter.

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.