New York State Common Retirement Fund Purchases 94,906 Shares of Allegheny Technologies Incorporated (NYSE:ATI)

New York State Common Retirement Fund increased its position in shares of Allegheny Technologies Incorporated (NYSE:ATI) by 74.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,006 shares of the basic materials company’s stock after acquiring an additional 94,906 shares during the quarter. New York State Common Retirement Fund owned approximately 0.18% of Allegheny Technologies worth $5,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Iridian Asset Management LLC CT raised its holdings in Allegheny Technologies by 4,002.2% in the 1st quarter. Iridian Asset Management LLC CT now owns 1,706,231 shares of the basic materials company’s stock valued at $43,628,000 after buying an additional 1,664,638 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Allegheny Technologies by 2,107.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,093,659 shares of the basic materials company’s stock valued at $50,000 after buying an additional 1,044,119 shares during the period. Rothschild & Co. Asset Management US Inc. purchased a new stake in Allegheny Technologies in the 4th quarter valued at about $22,239,000. Norges Bank purchased a new stake in Allegheny Technologies in the 4th quarter valued at about $21,181,000. Finally, Dimensional Fund Advisors LP raised its holdings in Allegheny Technologies by 15.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,424,729 shares of the basic materials company’s stock valued at $96,329,000 after buying an additional 591,706 shares during the period.

In other Allegheny Technologies news, Director James C. Diggs sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $23.65, for a total value of $94,600.00. Following the sale, the director now directly owns 36,458 shares of the company’s stock, valued at approximately $862,231.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by company insiders.

ATI has been the subject of a number of analyst reports. Macquarie downgraded Allegheny Technologies from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $34.00 to $28.00 in a research report on Friday, April 12th. Buckingham Research set a $45.00 price target on Allegheny Technologies and gave the stock a “buy” rating in a research note on Monday, April 8th. Zacks Investment Research upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Finally, KeyCorp upped their price target on Allegheny Technologies from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.20.

NYSE:ATI traded up $0.11 during trading hours on Monday, hitting $25.31. The company’s stock had a trading volume of 1,013,920 shares, compared to its average volume of 1,602,343. The company has a 50-day moving average price of $23.39. The firm has a market capitalization of $3.18 billion, a P/E ratio of 16.76, a PEG ratio of 1.12 and a beta of 2.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.87 and a quick ratio of 1.22. Allegheny Technologies Incorporated has a 52-week low of $20.84 and a 52-week high of $30.18.

Allegheny Technologies (NYSE:ATI) last released its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Allegheny Technologies had a return on equity of 8.79% and a net margin of 4.41%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.18 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Allegheny Technologies’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Allegheny Technologies Incorporated will post 1.49 EPS for the current fiscal year.

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 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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Institutional Ownership by Quarter for Allegheny Technologies (NYSE:ATI)

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