ATI (NYSE:ATI) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of ATI (NYSE:ATI) from a hold rating to a sell rating in a research note released on Wednesday.

ATI has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of ATI from $81.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, Susquehanna decreased their price target on ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.71.

ATI Price Performance

Shares of ATI opened at $60.13 on Wednesday. The firm has a market capitalization of $8.58 billion, a PE ratio of 23.13, a P/E/G ratio of 1.53 and a beta of 1.12. The stock’s 50 day moving average is $57.06 and its two-hundred day moving average is $60.18. ATI has a twelve month low of $38.04 and a twelve month high of $68.92. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). ATI had a return on equity of 21.39% and a net margin of 8.85%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company earned $0.55 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Research analysts anticipate that ATI will post 2.28 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now owns 21,553 shares of the company’s stock, valued at $1,293,611.06. This represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 completion of the sale, the chairman now directly owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.

Institutional Trading of ATI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATI. ORG Wealth Partners LLC purchased a new position in shares of ATI in the 4th quarter worth $25,000. Quarry LP purchased a new position in shares of ATI in the 2nd quarter worth about $26,000. UMB Bank n.a. lifted its stake in shares of ATI by 557.0% in the 3rd quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 791 shares in the last quarter. Blue Trust Inc. grew its holdings 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 worth $144,000 after purchasing an additional 1,516 shares during the period. Finally, GAMMA Investing LLC increased its position in 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 purchasing an additional 1,330 shares in the last quarter.

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.