US Bancorp DE Has $898,000 Stock Position in ATI Inc. (NYSE:ATI)

US Bancorp DE lifted its holdings in shares of ATI Inc. (NYSE:ATIFree Report) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,748 shares of the basic materials company’s stock after purchasing an additional 1,831 shares during the period. US Bancorp DE’s holdings in ATI were worth $898,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ATI. Clearstead Advisors LLC raised its position in ATI by 295.9% during the 3rd quarter. Clearstead Advisors LLC now owns 669 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 500 shares during the last quarter. Covestor Ltd lifted its stake in shares of ATI by 73.1% in the third quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 441 shares during the period. GAMMA Investing LLC bought a new stake in ATI in the fourth quarter valued at approximately $58,000. Quest Partners LLC acquired a new stake in ATI during the 4th quarter valued at approximately $174,000. Finally, Sage Rhino Capital LLC bought a new position in ATI during the 4th quarter worth approximately $201,000.

ATI Price Performance

Shares of NYSE ATI opened at $58.64 on Wednesday. The firm has a market capitalization of $7.30 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.56 and a beta of 1.12. The firm’s 50-day moving average price is $55.69 and its 200-day moving average price is $48.42. The company has a current ratio of 2.81, a quick ratio of 1.37 and a debt-to-equity ratio of 1.56. ATI Inc. has a 1-year low of $35.03 and a 1-year high of $62.44.

ATI (NYSE:ATIGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. ATI had a return on equity of 23.72% and a net margin of 8.70%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts anticipate that ATI Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of analyst reports. Barclays upped their price objective on shares of ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft initiated coverage on ATI in a report on Thursday, April 11th. They set a “buy” rating and a $70.00 price target for the company. Finally, KeyCorp boosted their price objective on ATI from $58.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.60.

Check Out Our Latest Stock Report on ATI

ATI 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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