Strs Ohio Has $272,000 Holdings in ATI Inc. $ATI

Strs Ohio decreased its position in shares of ATI Inc. (NYSE:ATI) by 78.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,344 shares of the basic materials company’s stock after selling 11,859 shares during the period. Strs Ohio’s holdings in ATI were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of ATI during the 2nd quarter worth approximately $146,726,000. BNP Paribas Financial Markets grew its position in ATI by 552.7% during the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after buying an additional 609,874 shares in the last quarter. Holocene Advisors LP bought a new position in ATI during the 2nd quarter worth $52,217,000. Saraza Management LP acquired a new position in ATI in the 2nd quarter valued at $26,334,000. Finally, Bank of Nova Scotia acquired a new stake in shares of ATI during the 2nd quarter worth $20,569,000.

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the transaction, the senior vice president directly owned 21,274 shares in the company, valued at $1,984,013.24. This trade represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total value of $1,031,850.96. Following the transaction, the vice president owned 98,310 shares in the company, valued at approximately $9,622,582.80. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 158,630 shares of company stock worth $16,144,855. 1.10% of the stock is owned by corporate insiders.

ATI Stock Performance

Shares of ATI opened at $120.21 on Monday. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The firm’s fifty day simple moving average is $113.67 and its two-hundred day simple moving average is $94.64. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $127.11. The stock has a market capitalization of $16.33 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02.

Wall Street Analysts Forecast Growth

ATI has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of ATI from $118.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a report on Wednesday, October 8th. Susquehanna restated a “positive” rating and set a $145.00 price objective on shares of ATI in a research report on Thursday, January 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Finally, BTIG Research restated a “buy” rating and issued a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, ATI currently has a consensus rating of “Moderate Buy” and an average price target of $117.75.

ATI Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.