ATI Inc. (NYSE:ATI) Shares Acquired by ING Groep NV

ING Groep NV grew its holdings in ATI Inc. (NYSE:ATI) by 42.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,400 shares of the basic materials company’s stock after acquiring an additional 20,400 shares during the period. ING Groep NV’s holdings in ATI were worth $3,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in ATI by 3.3% in the third quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company’s stock valued at $360,000 after purchasing an additional 172 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of ATI by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock valued at $215,000 after buying an additional 192 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of ATI by 2.1% in the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company’s stock worth $643,000 after buying an additional 240 shares during the last quarter. KBC Group NV boosted its stake in shares of ATI by 12.9% in the third quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock worth $225,000 after buying an additional 385 shares during the last quarter. Finally, Souders Financial Advisors grew its holdings in ATI by 6.1% during the third quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company’s stock worth $477,000 after acquiring an additional 411 shares during the period.

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 9,900 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the sale, the senior vice president now owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were 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 of the company’s stock, valued at $25,745,772.57. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,498 shares of company stock valued at $2,288,141 over the last quarter. 0.71% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

ATI Stock Performance

NYSE:ATI opened at $57.95 on Friday. The company has a fifty day moving average of $57.90 and a two-hundred day moving average of $60.04. ATI Inc. has a fifty-two week low of $45.61 and a fifty-two week high of $68.92. The stock has a market capitalization of $8.27 billion, a PE ratio of 22.73, a P/E/G ratio of 0.90 and a beta of 1.10. 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 (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.