Natixis Advisors L.P. Purchases 2,984 Shares of ATI Inc. (NYSE:ATI)

Natixis Advisors L.P. increased its stake in shares of ATI Inc. (NYSE:ATI) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,508 shares of the basic materials company’s stock after purchasing an additional 2,984 shares during the period. Natixis Advisors L.P.’s holdings in ATI were worth $1,677,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATI. HighTower Advisors LLC acquired a new stake in shares of ATI during the first quarter worth $263,000. MetLife Investment Management LLC grew its stake in shares of ATI by 70.4% during the first quarter. MetLife Investment Management LLC now owns 68,697 shares of the basic materials company’s stock worth $1,844,000 after purchasing an additional 28,376 shares during the period. Rhumbline Advisers grew its stake in shares of ATI by 4.4% during the first quarter. Rhumbline Advisers now owns 347,984 shares of the basic materials company’s stock worth $9,340,000 after purchasing an additional 14,825 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of ATI by 1.4% during the first quarter. Great West Life Assurance Co. Can now owns 110,936 shares of the basic materials company’s stock worth $3,056,000 after purchasing an additional 1,480 shares during the period. Finally, Yousif Capital Management LLC grew its stake in shares of ATI by 2.0% during the first quarter. Yousif Capital Management LLC now owns 117,029 shares of the basic materials company’s stock worth $3,141,000 after purchasing an additional 2,312 shares during the period.

ATI Stock Up 1.8 %

ATI stock opened at $46.13 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.74 and a quick ratio of 1.20. The stock has a market capitalization of $5.93 billion, a P/E ratio of 23.66 and a beta of 1.26. The business has a 50-day moving average of $44.60 and a 200-day moving average of $40.64. ATI Inc. has a fifty-two week low of $25.39 and a fifty-two week high of $47.92.

ATI (NYSE:ATI) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. ATI had a return on equity of 26.99% and a net margin of 6.88%. On average, sell-side analysts anticipate that ATI Inc. will post 2.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ATI. StockNews.com began coverage on ATI in a research note on Thursday, August 17th. They issued a “hold” rating for the company. KeyCorp boosted their target price on ATI from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Barclays boosted their target price on ATI from $42.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. JPMorgan Chase & Co. boosted their target price on ATI from $45.00 to $50.00 in a research note on Monday, May 8th. Finally, Northcoast Research began coverage on ATI in a research note on Thursday, July 20th. They issued a “buy” rating and a $54.00 target price for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, ATI presently has an average rating of “Moderate Buy” and a consensus target price of $49.33.

Insider Buying and Selling

In related news, VP Timothy J. Harris sold 12,858 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $43.57, for a total transaction of $560,223.06. Following the sale, the vice president now owns 76,992 shares in the company, valued at $3,354,541.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Timothy J. Harris sold 12,858 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $43.57, for a total transaction of $560,223.06. Following the sale, the vice president now owns 76,992 shares in the company, valued at $3,354,541.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elliot S. Davis sold 7,039 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $40.00, for a total value of $281,560.00. Following the sale, the insider now owns 148,666 shares in the company, valued at approximately $5,946,640. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,975 shares of company stock worth $1,457,696. Corporate insiders own 0.71% of the company’s stock.

About ATI

ATI Inc manufactures and sells specialty materials and 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, 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.