Farmers & Merchants Investments Inc. Sells 1,805 Shares of ATI Inc. (NYSE:ATI)

Farmers & Merchants Investments Inc. reduced its stake in ATI Inc. (NYSE:ATIFree Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,720 shares of the basic materials company’s stock after selling 1,805 shares during the period. Farmers & Merchants Investments Inc.’s holdings in ATI were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in ATI by 3.8% during the third quarter. Vanguard Group Inc. now owns 14,354,401 shares of the basic materials company’s stock valued at $381,970,000 after purchasing an additional 527,117 shares in the last quarter. State Street Corp raised its position in ATI by 14.8% during the first quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock valued at $266,817,000 after purchasing an additional 1,279,827 shares in the last quarter. Geode Capital Management LLC raised its position in ATI by 4.5% during the first quarter. Geode Capital Management LLC now owns 2,357,077 shares of the basic materials company’s stock valued at $93,010,000 after purchasing an additional 101,022 shares in the last quarter. Palestra Capital Management LLC raised its position in ATI by 839.0% during the third quarter. Palestra Capital Management LLC now owns 2,190,728 shares of the basic materials company’s stock valued at $90,148,000 after purchasing an additional 1,957,416 shares in the last quarter. Finally, Norges Bank acquired a new position in ATI during the fourth quarter valued at approximately $50,336,000.

ATI Stock Performance

NYSE ATI opened at $50.65 on Wednesday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 20.18 and a beta of 1.22. ATI Inc. has a twelve month low of $34.10 and a twelve month high of $51.95. The stock has a fifty day simple moving average of $46.29 and a 200 day simple moving average of $43.47. The company has a quick ratio of 1.53, a current ratio of 2.80 and a debt-to-equity ratio of 1.45.

ATI (NYSE:ATIGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. ATI had a return on equity of 24.64% and a net margin of 8.81%. ATI’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Sell-side analysts expect that ATI Inc. will post 2.35 EPS for the current year.

Analyst Upgrades and Downgrades

ATI has been the subject of several research analyst reports. TheStreet upgraded shares of ATI from a “c+” rating to a “b-” rating in a report on Friday, January 26th. KeyCorp upped their price target on shares of ATI from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.80.

Read Our Latest Report on ATI

Insider Activity at ATI

In related news, VP Timothy J. Harris sold 6,325 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following the completion of the sale, the vice president now directly owns 109,331 shares in the company, valued at $4,640,007.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other ATI news, insider Elliot S. Davis sold 1,789 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $43.06, for a total transaction of $77,034.34. Following the sale, the insider now owns 136,050 shares of the company’s stock, valued at $5,858,313. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy J. Harris sold 6,325 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.44, for a total transaction of $268,433.00. Following the sale, the vice president now directly owns 109,331 shares in the company, valued at approximately $4,640,007.64. The disclosure for this sale can be found here. 0.82% of the stock is currently owned by company insiders.

ATI Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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