Boston Partners reduced its position in Allegheny Technologies Incorporated (NYSE:ATI) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 411,060 shares of the basic materials company’s stock after selling 29,200 shares during the quarter. Boston Partners’ holdings in Allegheny Technologies were worth $9,923,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Amalgamated Bank boosted its stake in shares of Allegheny Technologies by 1.2% in the 2nd quarter. Amalgamated Bank now owns 15,449 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 186 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Allegheny Technologies by 9.4% in the 2nd quarter. Moors & Cabot Inc. now owns 13,347 shares of the basic materials company’s stock valued at $229,000 after purchasing an additional 1,150 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Allegheny Technologies by 6.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,930 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 1,250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Allegheny Technologies by 42.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,625 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 2,269 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in shares of Allegheny Technologies by 5.9% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 45,239 shares of the basic materials company’s stock valued at $1,082,000 after purchasing an additional 2,530 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Allegheny Technologies Incorporated (ATI) opened at $26.25 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 2.69. Allegheny Technologies Incorporated has a 1 year low of $14.54 and a 1 year high of $30.25. The stock has a market cap of $2,860.00, a price-to-earnings ratio of -29.17 and a beta of 2.44.

Allegheny Technologies (NYSE:ATI) last released its earnings results on Tuesday, January 23rd. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.12. Allegheny Technologies had a negative net margin of 2.61% and a positive return on equity of 3.47%. The company had revenue of $909.90 million for the quarter, compared to the consensus estimate of $898.22 million. During the same quarter in the previous year, the company earned ($0.04) EPS. Allegheny Technologies’s quarterly revenue was up 14.3% compared to the same quarter last year. research analysts expect that Allegheny Technologies Incorporated will post 1.23 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on ATI shares. Cowen reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Allegheny Technologies in a research note on Tuesday, January 23rd. Bank of America reiterated a “neutral” rating and set a $32.00 target price on shares of Allegheny Technologies in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Buckingham Research boosted their target price on shares of Allegheny Technologies from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 26th. KeyCorp reiterated a “hold” rating on shares of Allegheny Technologies in a research report on Thursday, November 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allegheny Technologies from $18.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.50.

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Allegheny Technologies Profile

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.

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Institutional Ownership by Quarter for Allegheny Technologies (NYSE:ATI)

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