Cerity Partners LLC Has $558,000 Stock Position in ATI Inc. (NYSE:ATI)

Cerity Partners LLC lessened its holdings in ATI Inc. (NYSE:ATI) by 32.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,132 shares of the basic materials company’s stock after selling 4,939 shares during the quarter. Cerity Partners LLC’s holdings in ATI were worth $558,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of ATI during the 4th quarter worth about $25,000. Mainstream Capital Management LLC bought a new stake in shares of ATI during the 4th quarter worth approximately $94,000. EverSource Wealth Advisors LLC boosted its holdings in shares of ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after buying an additional 288 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock valued at $132,000 after buying an additional 1,690 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in ATI by 137.7% during the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after buying an additional 1,516 shares during the last quarter.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Benchmark restated a “buy” rating and issued a $81.00 price objective on shares of ATI in a research note on Monday. Barclays boosted their target price on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Susquehanna lifted their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

ATI Trading Down 2.5 %

Shares of ATI stock opened at $44.36 on Tuesday. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $68.92. The stock has a market cap of $6.26 billion, a PE ratio of 17.40, a PEG ratio of 0.85 and a beta of 0.80. The firm has a 50-day moving average of $52.39 and a 200-day moving average of $56.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current year.

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.