42,000 Shares in ATI Inc. (NYSE:ATI) Acquired by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. purchased a new stake in ATI Inc. (NYSE:ATI) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 42,000 shares of the basic materials company’s stock, valued at approximately $2,312,000.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in ATI by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock worth $86,031,000 after buying an additional 191,823 shares during the period. Franklin Resources Inc. boosted its position in shares of ATI by 16.2% in the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock worth $27,993,000 after acquiring an additional 61,999 shares during the last quarter. Covea Finance grew its holdings in ATI by 32.7% in the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock valued at $3,578,000 after purchasing an additional 16,000 shares during the period. Blue Trust Inc. increased its position in ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 1,516 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in ATI during the fourth quarter worth approximately $618,000.

Analysts Set New Price Targets

ATI has been the subject of a number of research analyst reports. Barclays upped their price objective on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Susquehanna lifted their price objective on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. Benchmark reissued a “buy” rating and set a $81.00 target price on shares of ATI in a research report on Monday, April 21st. KeyCorp raised shares of ATI from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research report on Wednesday, April 23rd. Finally, StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.29.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the firm’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 transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

ATI Trading Up 7.1 %

NYSE ATI opened at $66.69 on Friday. The stock has a market cap of $9.41 billion, a P/E ratio of 26.15, a PEG ratio of 0.85 and a beta of 0.80. The company’s fifty day simple moving average is $51.46 and its 200-day simple moving average is $55.84. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $68.92.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. ATI had a net margin of 8.43% and a return on equity of 21.16%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI Company 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.