22,606 Shares in ATI Inc. (NYSE:ATI) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new stake in ATI Inc. (NYSE:ATI – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,606 shares of the basic materials company’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also bought and sold shares of ATI. Vanguard Group Inc. lifted its stake in shares of ATI by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 14,083,087 shares of the basic materials company’s stock worth $377,991,000 after purchasing an additional 267,434 shares during the period. State Street Corp raised its position in ATI by 14.8% in the first quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock worth $266,817,000 after acquiring an additional 1,279,827 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of ATI by 24.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,377,194 shares of the basic materials company’s stock worth $53,986,000 after acquiring an additional 469,487 shares during the last quarter. Invesco Ltd. grew its position in shares of ATI by 105.4% during the 1st quarter. Invesco Ltd. now owns 1,181,206 shares of the basic materials company’s stock valued at $31,703,000 after acquiring an additional 606,005 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of ATI in the 1st quarter worth $12,302,000.

ATI Price Performance

NYSE:ATI opened at $35.20 on Friday. The business’s 50-day simple moving average is $30.79 and its two-hundred day simple moving average is $29.16. ATI Inc. has a 52 week low of $17.71 and a 52 week high of $35.63. The stock has a market cap of $4.56 billion, a PE ratio of 320.03 and a beta of 1.21. The company has a quick ratio of 1.40, a current ratio of 2.88 and a debt-to-equity ratio of 1.81.

ATI (NYSE:ATI – Get Rating) last issued its earnings results on Wednesday, November 2nd. The basic materials company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. ATI had a return on equity of 28.25% and a net margin of 0.67%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $936.80 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s quarterly revenue was up 42.2% on a year-over-year basis. As a group, analysts forecast that ATI Inc. will post 1.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ATI. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research report on Monday, October 24th. KeyCorp lifted their price objective on ATI from $33.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, December 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.20.

Insider Buying and Selling

In other ATI news, CEO Robert S. Wetherbee sold 15,000 shares of ATI stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $30.23, for a total value of $453,450.00. Following the sale, the chief executive officer now directly owns 333,753 shares in the company, valued at approximately $10,089,353.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other ATI news, CEO Robert S. Wetherbee sold 15,000 shares of ATI stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $30.23, for a total value of $453,450.00. Following the sale, the chief executive officer now owns 333,753 shares of the company’s stock, valued at approximately $10,089,353.19. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Elliot S. Davis sold 28,572 shares of the firm’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $30.68, for a total transaction of $876,588.96. Following the completion of the transaction, the insider now directly owns 160,350 shares of the company’s stock, valued at $4,919,538. The disclosure for this sale can be found here. 0.82% of the stock is owned by company insiders.

About ATI

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ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.