ATI Inc. (NYSE:ATI) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its holdings in ATI Inc. (NYSE:ATI) by 26.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 170,396 shares of the basic materials company’s stock after purchasing an additional 36,005 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ATI were worth $9,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in shares of ATI by 8.5% during the fourth quarter. Prudential Financial Inc. now owns 142,652 shares of the basic materials company’s stock valued at $8,013,000 after acquiring an additional 11,135 shares during the period. Vanguard Group Inc. boosted its stake in ATI by 15.2% during the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock valued at $844,061,000 after purchasing an additional 2,020,313 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of ATI during the 4th quarter valued at $1,464,000. American Century Companies Inc. raised its stake in shares of ATI by 13.4% in the 4th quarter. American Century Companies Inc. now owns 1,361,465 shares of the basic materials company’s stock worth $74,935,000 after buying an additional 160,364 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of ATI by 14.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,452 shares of the basic materials company’s stock valued at $1,676,000 after buying an additional 3,848 shares during the period.

Insiders Place Their Bets

In related news, SVP Tina Killough Busch sold 9,900 shares of the firm’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 transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATI. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Barclays lifted their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Susquehanna raised 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. Finally, Benchmark upped their price target on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, ATI has an average rating of “Moderate Buy” and a consensus price target of $75.00.

ATI Price Performance

Shares of ATI opened at $54.01 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The firm has a market cap of $7.68 billion, a PE ratio of 21.18, a PEG ratio of 0.85 and a beta of 1.14. ATI Inc. has a twelve month low of $47.90 and a twelve month high of $68.92. The firm’s 50 day moving average price is $57.32 and its 200 day moving average price is $58.60.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. ATI’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. As a group, research analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal 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.