ATI Inc. (NYSE:ATI) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in ATI Inc. (NYSE:ATI) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,521 shares of the basic materials company’s stock after purchasing an additional 4,200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in ATI were worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in ATI in the fourth quarter valued at $25,000. Quarry LP grew its position in 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 acquiring an additional 412 shares during the period. Blue Trust Inc. grew its position in ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 1,516 shares during the period. CIBC Asset Management Inc grew its position in ATI by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 192 shares during the period. Finally, KBC Group NV grew its position in ATI by 12.9% during the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 385 shares during the period.

ATI Price Performance

ATI stock opened at $58.25 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. ATI Inc. has a 1 year low of $47.58 and a 1 year high of $68.92. The firm has a market cap of $8.31 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 0.85 and a beta of 1.10. The stock has a 50-day simple moving average of $58.12 and a 200-day simple moving average of $59.90.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, 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 completion of the sale, the chairman now owns 436,443 shares in the company, valued at $25,745,772.57. This trade represents a 5.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This trade represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,498 shares of company stock worth $2,288,141 in the last 90 days. 1.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

ATI 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.