Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Position in ATI Inc. $ATI

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in ATI Inc. (NYSE:ATI) by 26.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,122 shares of the basic materials company’s stock after purchasing an additional 6,753 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in ATI were worth $2,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ATI. Wealth Enhancement Advisory Services LLC lifted its holdings in ATI by 2.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,709 shares of the basic materials company’s stock worth $1,395,000 after buying an additional 453 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of ATI by 2.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock worth $360,000 after acquiring an additional 102 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of ATI by 11.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 7,386 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 739 shares during the period. Confluence Wealth Services Inc. purchased a new position in shares of ATI in the 3rd quarter valued at approximately $481,000. Finally, Meeder Asset Management Inc. boosted its position in shares of ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 402 shares in the last quarter.

ATI Stock Up 0.0%

NYSE:ATI opened at $121.78 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 2.50. The firm has a market cap of $16.54 billion, a P/E ratio of 39.41, a P/E/G ratio of 1.17 and a beta of 1.02. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $127.11. The firm has a 50-day simple moving average of $113.19 and a two-hundred day simple moving average of $94.37.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $93.26, for a total value of $242,289.48. Following the completion of the transaction, the senior vice president owned 21,274 shares in the company, valued at $1,984,013.24. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total value of $5,896,811.76. Following the transaction, the chairman directly owned 132,676 shares in the company, valued at approximately $14,525,368.48. The trade was a 28.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 158,630 shares of company stock valued at $16,144,855. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of research reports. Alembic Global Advisors started coverage on ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of ATI in a research note on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. KeyCorp raised their target price on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, BTIG Research reiterated a “buy” rating and set a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.75.

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.