Allegheny Technologies Incorporated (NYSE:ATI) VP Karl D. Schwartz sold 1,000 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $26.79, for a total value of $26,790.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Karl D. Schwartz also recently made the following trade(s):

  • On Wednesday, August 15th, Karl D. Schwartz sold 1,000 shares of Allegheny Technologies stock. The stock was sold at an average price of $25.90, for a total transaction of $25,900.00.
  • On Monday, July 16th, Karl D. Schwartz sold 1,000 shares of Allegheny Technologies stock. The stock was sold at an average price of $26.65, for a total transaction of $26,650.00.

Shares of NYSE:ATI traded up $0.10 on Friday, reaching $27.09. 1,388,735 shares of the company traded hands, compared to its average volume of 1,736,728. Allegheny Technologies Incorporated has a 52 week low of $21.01 and a 52 week high of $30.25. The stock has a market capitalization of $3.71 billion, a P/E ratio of 56.44 and a beta of 2.46. The company has a current ratio of 2.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.75.

Allegheny Technologies (NYSE:ATI) last announced its quarterly earnings data on Tuesday, July 24th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.16. Allegheny Technologies had a return on equity of 7.84% and a net margin of 0.30%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts predict that Allegheny Technologies Incorporated will post 1.64 EPS for the current year.

Several large investors have recently made changes to their positions in ATI. Cubist Systematic Strategies LLC purchased a new stake in shares of Allegheny Technologies during the first quarter worth about $126,000. MAI Capital Management purchased a new stake in shares of Allegheny Technologies during the second quarter worth about $207,000. Commonwealth Equity Services LLC purchased a new stake in shares of Allegheny Technologies during the second quarter worth about $219,000. IndexIQ Advisors LLC boosted its holdings in shares of Allegheny Technologies by 57.4% during the second quarter. IndexIQ Advisors LLC now owns 9,311 shares of the basic materials company’s stock worth $234,000 after purchasing an additional 3,397 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Allegheny Technologies during the second quarter worth about $238,000.

A number of research analysts recently commented on the company. Buckingham Research increased their target price on Allegheny Technologies from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Bank of America set a $34.00 target price on Allegheny Technologies and gave the company a “buy” rating in a research note on Wednesday, July 25th. KeyCorp increased their target price on Allegheny Technologies from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Zacks Investment Research cut Allegheny Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, Cowen reissued a “buy” rating and issued a $35.00 target price on shares of Allegheny Technologies in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.60.

Allegheny Technologies Company 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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