Vontobel Holding Ltd. Sells 168 Shares of ATI Inc. (NYSE:ATI)

Vontobel Holding Ltd. trimmed its position in shares of ATI Inc. (NYSE:ATI) by 1.8% during the third quarter, Holdings Channel.com reports. The firm owned 8,928 shares of the basic materials company’s stock after selling 168 shares during the period. Vontobel Holding Ltd.’s holdings in ATI were worth $597,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in ATI during the 2nd quarter valued at $26,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of ATI during the first quarter valued at about $51,000. UMB Bank n.a. increased its position in shares of ATI by 557.0% during the third quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 791 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of ATI by 294.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of ATI in the 2nd quarter worth about $88,000.

Insider Buying and Selling at ATI

In related news, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.61, for a total value of $1,540,250.00. Following the completion of the sale, the chairman now owns 511,443 shares of the company’s stock, valued at approximately $31,510,003.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ATI shares. JPMorgan Chase & Co. boosted their price objective on ATI from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. KeyCorp increased their price target on ATI from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of ATI from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. BTIG Research initiated coverage on shares of ATI in a report on Wednesday, June 26th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Benchmark restated a “buy” rating and set a $80.00 price target on shares of ATI in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.43.

ATI Stock Performance

Shares of ATI stock opened at $63.38 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.07 and a current ratio of 2.13. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.42 and a beta of 1.04. ATI Inc. has a 52 week low of $35.03 and a 52 week high of $68.92. The firm’s 50-day simple moving average is $63.49 and its two-hundred day simple moving average is $59.73.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. ATI had a net margin of 8.74% and a return on equity of 23.05%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. ATI’s revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that ATI Inc. will post 2.47 earnings per share for the current year.

ATI declared that its board has authorized a share repurchase plan on Tuesday, September 3rd that allows the company to repurchase $700.00 million in shares. This repurchase authorization allows the basic materials company to purchase up to 9.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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.