ATI Inc. (NYSE:ATI) Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC trimmed its stake in shares of ATI Inc. (NYSE:ATI) by 57.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,594 shares of the basic materials company’s stock after selling 17,323 shares during the quarter. Waldron Private Wealth LLC’s holdings in ATI were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ATI. ORG Wealth Partners LLC acquired a new position in shares of ATI during the 4th quarter valued at $25,000. Quarry LP acquired a new position in ATI in the second quarter worth approximately $26,000. UMB Bank n.a. increased its holdings in shares of ATI by 557.0% in the third quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock valued at $62,000 after buying an additional 791 shares in the last quarter. Blue Trust Inc. lifted its position in shares of ATI by 137.7% during the 4th quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 1,516 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of ATI by 66.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,344 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 1,330 shares in the last quarter.

ATI Price Performance

NYSE ATI opened at $57.16 on Friday. The company has a 50 day simple moving average of $57.01 and a 200-day simple moving average of $60.13. ATI Inc. has a 52-week low of $38.04 and a 52-week high of $68.92. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ATI. StockNews.com downgraded ATI from a “hold” rating to a “sell” rating in a report on Wednesday. Susquehanna cut their price objective on ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a report on Wednesday, October 30th. Finally, KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.71.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total value of $155,931.96. Following the transaction, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now directly owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

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.