ATI Inc. (NYSE:ATI) Shares Purchased by United Services Automobile Association

United Services Automobile Association boosted its holdings in ATI Inc. (NYSE:ATI – Get Rating) by 4.1% during the third quarter, Holdings Channel reports. The institutional investor owned 14,168 shares of the basic materials company’s stock after buying an additional 556 shares during the period. United Services Automobile Association’s holdings in ATI were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in ATI by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,354,401 shares of the basic materials company’s stock worth $381,970,000 after buying an additional 527,117 shares during the last quarter. State Street Corp raised its holdings 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. Alliancebernstein L.P. raised its holdings in shares of ATI by 1.1% in the 3rd quarter. Alliancebernstein L.P. now owns 7,409,123 shares of the basic materials company’s stock worth $197,157,000 after purchasing an additional 78,421 shares during the period. Driehaus Capital Management LLC raised its holdings in shares of ATI by 24.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,377,194 shares of the basic materials company’s stock worth $53,986,000 after purchasing an additional 469,487 shares during the period. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of ATI by 39.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,482,962 shares of the basic materials company’s stock worth $39,462,000 after purchasing an additional 418,467 shares during the period.

Insider Transactions at ATI

In other news, insider Elliot S. Davis sold 9,627 shares of ATI stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $39.07, for a total value of $376,126.89. Following the completion of the transaction, the insider now owns 151,642 shares in the company, valued at approximately $5,924,652.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

ATI has been the topic of a number of research reports. Seaport Res Ptn restated a “buy” rating on shares of ATI in a report on Saturday, January 21st. Cowen raised their target price on ATI from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 6th. Benchmark lifted their price objective on ATI from $37.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Finally, KeyCorp lifted their price objective on ATI from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, March 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.00.

ATI Price Performance

ATI stock opened at $39.08 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.57 and a debt-to-equity ratio of 1.47. ATI Inc. has a 52-week low of $20.51 and a 52-week high of $43.32. The stock’s 50 day moving average is $37.71 and its two-hundred day moving average is $32.37. The company has a market capitalization of $5.03 billion, a PE ratio of 45.29 and a beta of 1.21.

ATI (NYSE:ATI – Get Rating) last issued its earnings results on Thursday, February 2nd. The basic materials company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. ATI had a return on equity of 30.40% and a net margin of 3.41%. The business’s revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. Analysts predict that ATI Inc. will post 2.16 earnings per share for the current fiscal year.

ATI Company Profile

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ATI, Inc engages in the manufacture of specialty materials and components. It operates through the High Performance Materials and Components (HPMC) and Advanced Alloys & Solutions (AA&S) segments. The HPMC segment consists of the production of materials, parts, and components for aerospace and defense, medical, and energy markets.