ATI Inc. (NYSE:ATI) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in ATI Inc. (NYSE:ATI) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 69,555 shares of the basic materials company’s stock after purchasing an additional 2,404 shares during the period. Illinois Municipal Retirement Fund’s holdings in ATI were worth $3,828,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James & Associates raised its stake in ATI by 159.2% during the third quarter. Raymond James & Associates now owns 119,358 shares of the basic materials company’s stock valued at $7,986,000 after buying an additional 73,308 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of ATI by 13.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,333 shares of the basic materials company’s stock valued at $1,093,000 after acquiring an additional 1,936 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of ATI during the 3rd quarter valued at approximately $307,000. New York State Teachers Retirement System lifted its stake in ATI by 2.4% during the third quarter. New York State Teachers Retirement System now owns 157,480 shares of the basic materials company’s stock worth $10,537,000 after purchasing an additional 3,760 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in ATI by 12,413.7% in the third quarter. Catalyst Capital Advisors LLC now owns 47,427 shares of the basic materials company’s stock worth $3,173,000 after purchasing an additional 47,048 shares during the period.

Insiders Place Their Bets

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. This trade represents a 5.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders sold 37,498 shares of company stock worth $2,288,141. 1.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

ATI Trading Up 0.7 %

ATI stock opened at $56.72 on Thursday. ATI Inc. has a 52-week low of $47.54 and a 52-week high of $68.92. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 0.85 and a beta of 1.10. The firm has a 50-day moving average price of $57.98 and a two-hundred day moving average price of $59.95.

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

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.