Segall Bryant & Hamill LLC Has $40.35 Million Position in ATI Inc. $ATI

Segall Bryant & Hamill LLC cut its stake in shares of ATI Inc. (NYSE:ATI) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,371 shares of the basic materials company’s stock after selling 44,322 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ATI were worth $40,346,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Meeder Asset Management Inc. increased its stake in ATI by 2.8% in the first quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 74 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of ATI by 2.7% during the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 101 shares during the period. Signature Equity Partners LLC boosted its position in shares of ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 123 shares in the last quarter. Activest Wealth Management boosted its position in shares of ATI by 17.6% during the 4th quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 125 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of ATI by 2.0% during the 4th quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock worth $827,000 after purchasing an additional 140 shares in the last quarter.

ATI Price Performance

Shares of NYSE ATI opened at $187.76 on Friday. The stock has a market cap of $25.62 billion, a price-to-earnings ratio of 62.17, a PEG ratio of 1.45 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $205.31. The firm’s 50-day simple moving average is $188.34 and its 200 day simple moving average is $161.47.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. As a group, research analysts anticipate that ATI Inc. will post 4.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 target price on shares of ATI in a research report on Friday, May 1st. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. BTIG Research increased their target price on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Susquehanna lifted their price target on shares of ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $176.78.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 192,199 shares of company stock valued at $34,601,100 in the last 90 days. 0.98% of the stock is owned by company insiders.

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.