ATI (NYSE:ATI) Hits New 1-Year High at $52.98

Shares of ATI Inc. (NYSE:ATI) reached a new 52-week high during trading on Monday . The company traded as high as $52.98 and last traded at $52.62, with a volume of 42732 shares. The stock had previously closed at $51.64.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. KeyCorp increased their target price on shares of ATI from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of ATI in a report on Thursday, April 11th. They issued a “buy” rating and a $70.00 target price for the company. Finally, TheStreet raised shares of ATI from a “c+” rating to a “b-” rating in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.67.

ATI Trading Up 0.2 %

The business’s fifty day moving average is $48.46 and its 200-day moving average is $44.11. The firm has a market cap of $6.37 billion, a P/E ratio of 20.39 and a beta of 1.22. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.53 and a current ratio of 2.80.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. ATI had a net margin of 8.81% and a return on equity of 24.64%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. Analysts predict that ATI Inc. will post 2.28 EPS for the current year.

Insider Buying and Selling at ATI

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.44, for a total transaction of $268,433.00. Following the completion of the sale, the vice president now owns 109,331 shares of the company’s stock, valued at approximately $4,640,007.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.05% of the company’s stock.

Institutional Trading of ATI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in ATI by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,354,401 shares of the basic materials company’s stock valued at $381,970,000 after purchasing an additional 527,117 shares during the period. State Street Corp increased its position in ATI by 14.8% during the 1st quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock valued at $266,817,000 after purchasing an additional 1,279,827 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of ATI by 19.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,645,644 shares of the basic materials company’s stock worth $165,767,000 after buying an additional 594,644 shares during the period. Geode Capital Management LLC grew its position in shares of ATI by 4.5% during the 1st quarter. Geode Capital Management LLC now owns 2,357,077 shares of the basic materials company’s stock worth $93,010,000 after buying an additional 101,022 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of ATI by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,722 shares of the basic materials company’s stock worth $105,394,000 after buying an additional 139,694 shares during the period.

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.