NBW Capital LLC Sells 3,265 Shares of ATI Inc. (NYSE:ATI)

NBW Capital LLC decreased its position in ATI Inc. (NYSE:ATI) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 95,514 shares of the basic materials company’s stock after selling 3,265 shares during the quarter. NBW Capital LLC’s holdings in ATI were worth $5,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of ATI in the fourth quarter valued at approximately $25,000. Quarry LP raised its position in shares of ATI by 86.4% in the third quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 412 shares during the period. Smartleaf Asset Management LLC raised its position 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 purchasing an additional 1,690 shares during the period. Blue Trust Inc. raised its position in shares of ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 1,516 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 192 shares during the period.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now owns 21,553 shares in the company, valued at approximately $1,293,611.06. The trade was a 10.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the sale, the chairman now owns 436,443 shares in the company, valued at $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,498 shares of company stock worth $2,288,141 over the last 90 days. Corporate insiders own 0.71% of the company’s stock.

ATI Stock Down 0.6 %

ATI opened at $57.83 on Tuesday. ATI Inc. has a fifty-two week low of $47.58 and a fifty-two week high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The firm’s fifty day moving average price is $58.17 and its two-hundred day moving average price is $59.81. The company has a market capitalization of $8.22 billion, a P/E ratio of 22.68, a P/E/G ratio of 0.85 and a beta of 1.10.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share 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 the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Analysts Set New Price Targets

ATI has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Benchmark raised their price objective on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Susquehanna raised their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, ATI presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

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.