Kimberly Fields Sells 31,757 Shares of ATI (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI) CEO Kimberly Fields sold 31,757 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the transaction, the chief executive officer directly owned 125,564 shares in the company, valued at $23,981,468.36. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

ATI Stock Up 3.2%

Shares of NYSE:ATI opened at $187.76 on Friday. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 62.17, a price-to-earnings-growth ratio of 1.45 and a beta of 0.96. The company has a 50 day moving average of $188.34 and a two-hundred day moving average of $161.47. ATI Inc. has a 52-week low of $70.42 and a 52-week high of $205.31. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts forecast that ATI Inc. will post 4.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ATI shares. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 target price on shares of ATI in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, ATI presently has an average rating of “Buy” and a consensus price target of $176.78.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of ATI during the 4th quarter valued at approximately $198,787,000. SG Americas Securities LLC boosted its holdings in ATI by 1,471.8% in the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after purchasing an additional 1,006,951 shares during the period. AQR Capital Management LLC boosted its holdings in ATI by 684.9% in the fourth quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after purchasing an additional 889,912 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in ATI by 231.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company’s stock valued at $175,094,000 after purchasing an additional 840,455 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in ATI by 1,714.0% during the first quarter. PNC Financial Services Group Inc. now owns 831,736 shares of the basic materials company’s stock valued at $120,984,000 after purchasing an additional 785,885 shares during the last quarter.

About ATI

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.