ING Groep NV Increases Holdings in ATI Inc. (NYSE:ATI)

ING Groep NV boosted its stake in shares of ATI Inc. (NYSE:ATI) by 42.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,400 shares of the basic materials company’s stock after buying an additional 20,400 shares during the period. ING Groep NV’s holdings in ATI were worth $3,765,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ATI. Ieq Capital LLC boosted its position in shares of ATI by 422.3% during the 4th quarter. Ieq Capital LLC now owns 20,125 shares of the basic materials company’s stock valued at $1,108,000 after acquiring an additional 16,272 shares during the last quarter. New York State Common Retirement Fund raised its stake in ATI by 13.1% during the fourth quarter. New York State Common Retirement Fund now owns 382,489 shares of the basic materials company’s stock worth $21,052,000 after purchasing an additional 44,164 shares during the period. D.A. Davidson & CO. raised its stake in ATI by 5.7% during the fourth quarter. D.A. Davidson & CO. now owns 9,767 shares of the basic materials company’s stock worth $538,000 after purchasing an additional 530 shares during the period. CIBC Asset Management Inc boosted its holdings in ATI by 5.2% in the 4th 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 last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of ATI by 17.8% in the 4th quarter. Principal Financial Group Inc. now owns 690,215 shares of the basic materials company’s stock valued at $37,989,000 after buying an additional 104,267 shares during the period.

ATI Stock Down 4.9 %

NYSE:ATI opened at $57.95 on Friday. ATI Inc. has a 52 week low of $45.61 and a 52 week high of $68.92. The stock’s fifty day moving average is $57.90 and its two-hundred day moving average is $60.04. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. 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 company earned $0.64 EPS. ATI’s revenue was up 10.2% on a year-over-year basis. Research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Insider Transactions at ATI

In other news, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now directly owns 436,443 shares in the company, valued at approximately $25,745,772.57. This trade represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction 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 owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,498 shares of company stock valued at $2,288,141. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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