Dupont Capital Management Corp acquired a new position in shares of Allegheny Technologies Incorporated (NYSE:ATI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,976 shares of the basic materials company’s stock, valued at approximately $239,000.
A number of other institutional investors have also recently modified their holdings of ATI. Private Capital Group LLC grew its stake in shares of Allegheny Technologies by 336.2% during the fourth quarter. Private Capital Group LLC now owns 1,348 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,039 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Allegheny Technologies during the fourth quarter valued at approximately $41,000. Fernwood Investment Management LLC bought a new stake in shares of Allegheny Technologies during the third quarter valued at approximately $207,000. First Hawaiian Bank bought a new stake in shares of Allegheny Technologies during the third quarter valued at approximately $225,000. Finally, MML Investors Services LLC bought a new stake in shares of Allegheny Technologies during the third quarter valued at approximately $241,000.
Shares of NYSE ATI opened at $29.16 on Thursday. Allegheny Technologies Incorporated has a fifty-two week low of $20.84 and a fifty-two week high of $30.18. The company has a market capitalization of $3.58 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.02 and a beta of 2.37. The company has a current ratio of 2.68, a quick ratio of 1.24 and a debt-to-equity ratio of 0.77.
Allegheny Technologies (NYSE:ATI) last announced its quarterly earnings data on Tuesday, January 22nd. The basic materials company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Allegheny Technologies had a net margin of 5.50% and a return on equity of 10.28%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $991.88 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts predict that Allegheny Technologies Incorporated will post 1.85 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Longbow Research raised shares of Allegheny Technologies from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, November 6th. Cowen reissued a “buy” rating and set a $35.00 price target on shares of Allegheny Technologies in a research note on Thursday, November 8th. Berenberg Bank assumed coverage on shares of Allegheny Technologies in a research note on Thursday, December 6th. They set a “buy” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. raised shares of Allegheny Technologies from an “underweight” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Wednesday, October 24th. Finally, ValuEngine raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Allegheny Technologies has a consensus rating of “Buy” and a consensus target price of $33.17.
In related news, Director Barabara S. Jeremiah sold 7,500 shares of the stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $25.61, for a total value of $192,075.00. Following the transaction, the director now directly owns 33,833 shares in the company, valued at $866,463.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
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Allegheny Technologies Profile
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces, converts, and distributes a range of high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.
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