Freemont Management S.A. lifted its holdings in shares of ATI Inc. (NYSE:ATI – Free Report) by 37.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,300 shares of the basic materials company’s stock after acquiring an additional 7,400 shares during the quarter. Freemont Management S.A.’s holdings in ATI were worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in ATI. True Wealth Design LLC boosted its holdings in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the period. Allworth Financial LP lifted its position in shares of ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 shares in the last quarter. Torren Management LLC purchased a new position in shares of ATI in the fourth quarter valued at $52,000. Summit Securities Group LLC acquired a new position in ATI in the 1st quarter worth $60,000. Finally, Clearstead Advisors LLC lifted its holdings in ATI by 137.3% in the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after buying an additional 346 shares in the last quarter.
ATI Price Performance
Shares of ATI opened at $185.77 on Friday. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $205.31. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The firm has a market cap of $25.35 billion, a price-to-earnings ratio of 61.51, a PEG ratio of 1.48 and a beta of 0.96. The stock has a 50 day moving average of $181.89 and a 200-day moving average of $156.44.
Insider Activity at ATI
In related news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 160,442 shares of company stock valued at $28,535,831. Insiders own 0.98% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on ATI. KeyCorp raised their target price on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. TD Cowen raised their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. BTIG Research upped their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $194.00 price target on shares of ATI in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $176.78.
Get Our Latest Stock Analysis on ATI
ATI Profile
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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