Allegheny Technologies Incorporated (NYSE:ATI) VP Karl D. Schwartz sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $25.90, for a total transaction of $25,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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.
  • On Friday, June 15th, Karl D. Schwartz sold 1,000 shares of Allegheny Technologies stock. The stock was sold at an average price of $27.34, for a total transaction of $27,340.00.

Shares of ATI stock traded up $0.02 during trading on Friday, hitting $25.42. 27,844 shares of the company were exchanged, compared to its average volume of 1,813,277. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.18 and a current ratio of 2.87. The stock has a market cap of $3.34 billion, a P/E ratio of 52.73 and a beta of 2.50. Allegheny Technologies Incorporated has a twelve month low of $17.82 and a twelve month high of $30.25.

Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings results on Tuesday, July 24th. The basic materials company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.36 by $0.16. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Allegheny Technologies had a net margin of 0.30% and a return on equity of 7.84%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. sell-side analysts predict that Allegheny Technologies Incorporated will post 1.58 EPS for the current year.

ATI has been the subject of several research reports. Zacks Investment Research cut shares of Allegheny Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, April 27th. Goldman Sachs Group upgraded shares of Allegheny Technologies from a “sell” rating to a “neutral” rating and set a $29.00 price target for the company in a report on Tuesday, May 29th. Cowen restated a “buy” rating and set a $35.00 price target on shares of Allegheny Technologies in a report on Tuesday, June 26th. Longbow Research cut shares of Allegheny Technologies from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a report on Monday, June 25th. Finally, Barclays raised their price target on shares of Allegheny Technologies from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATI. Cubist Systematic Strategies LLC acquired a new stake in Allegheny Technologies in the first quarter valued at approximately $126,000. Zeke Capital Advisors LLC acquired a new stake in Allegheny Technologies in the first quarter valued at approximately $200,000. MAI Capital Management acquired a new stake in Allegheny Technologies in the second quarter valued at approximately $207,000. Commonwealth Equity Services LLC acquired a new stake in Allegheny Technologies in the second quarter valued at approximately $219,000. Finally, IndexIQ Advisors LLC lifted its stake in Allegheny Technologies by 57.4% in the second quarter. IndexIQ Advisors LLC now owns 9,311 shares of the basic materials company’s stock valued at $234,000 after acquiring an additional 3,397 shares during the last quarter.

About Allegheny Technologies

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.

Read More: Asset Allocation

Insider Buying and Selling by Quarter for Allegheny Technologies (NYSE:ATI)

Receive News & Ratings for Allegheny Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegheny Technologies and related companies with MarketBeat.com's FREE daily email newsletter.