Allegheny Technologies Incorporated (ATI) Shares Sold by Boston Partners
Boston Partners lowered its stake in Allegheny Technologies Incorporated (NYSE:ATI) by 16.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 440,260 shares of the basic materials company’s stock after selling 88,160 shares during the period. Boston Partners owned 0.40% of Allegheny Technologies worth $10,522,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its holdings in shares of Allegheny Technologies by 180.0% in the 2nd quarter. Financial Architects Inc now owns 7,000 shares of the basic materials company’s stock valued at $119,000 after buying an additional 4,500 shares during the period. Creative Planning boosted its holdings in shares of Allegheny Technologies by 2,619.9% in the 2nd quarter. Creative Planning now owns 7,534 shares of the basic materials company’s stock valued at $128,000 after buying an additional 7,257 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Allegheny Technologies by 72.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,297 shares of the basic materials company’s stock valued at $141,000 after buying an additional 3,497 shares during the period. Strs Ohio acquired a new position in shares of Allegheny Technologies in the 3rd quarter valued at about $145,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of Allegheny Technologies by 24.1% in the 2nd quarter. LS Investment Advisors LLC now owns 8,982 shares of the basic materials company’s stock valued at $153,000 after buying an additional 1,745 shares during the period.
Allegheny Technologies Incorporated (ATI) opened at $21.36 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.04 and a current ratio of 2.68. The stock has a market cap of $2,354.71, a PE ratio of 154.50 and a beta of 2.44. Allegheny Technologies Incorporated has a one year low of $14.54 and a one year high of $26.59.
Allegheny Technologies (NYSE:ATI) last posted its earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $869.10 million during the quarter, compared to analyst estimates of $866.94 million. Allegheny Technologies had a negative net margin of 2.45% and a positive return on equity of 1.09%. Allegheny Technologies’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.21) EPS. equities research analysts predict that Allegheny Technologies Incorporated will post 0.32 earnings per share for the current fiscal year.
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Several research firms have recently commented on ATI. J P Morgan Chase & Co raised shares of Allegheny Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $14.50 to $19.00 in a report on Wednesday, July 26th. BidaskClub lowered shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Berenberg Bank set a $17.00 price target on shares of Allegheny Technologies and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Allegheny Technologies in a report on Wednesday, October 11th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Allegheny Technologies currently has a consensus rating of “Hold” and a consensus price target of $20.57.
Allegheny Technologies Profile
Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.
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