ATI’s (ATI) “Buy” Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of ATI (NYSE:ATI) in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a $81.00 price objective on the basic materials company’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays lifted their target price on ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Susquehanna raised their price objective on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

ATI Stock Performance

NYSE ATI opened at $44.36 on Monday. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.85 and a beta of 0.80. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. ATI has a 1-year low of $39.23 and a 1-year high of $68.92. The company has a 50 day moving average of $52.39 and a 200-day moving average of $56.33.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that ATI will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the transaction, the senior vice president now owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of ATI during the 4th quarter worth approximately $25,000. Fifth Third Bancorp lifted its position in ATI by 115.7% during the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company’s stock worth $58,000 after buying an additional 603 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of ATI by 418.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company’s stock worth $69,000 after buying an additional 1,062 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of ATI by 86.2% in the 1st quarter. UMB Bank n.a. now owns 1,579 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 731 shares in the last quarter. Finally, Mainstream Capital Management LLC acquired a new stake in shares of ATI in the fourth quarter valued at about $94,000.

ATI Company Profile

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.