Bank of Montreal Can decreased its position in Allegheny Technologies Incorporated (NYSE:ATI) by 21.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,175 shares of the basic materials company’s stock after selling 12,676 shares during the period. Bank of Montreal Can’s holdings in Allegheny Technologies were worth $1,135,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in Allegheny Technologies by 62.5% in the first quarter. Victory Capital Management Inc. now owns 3,596,229 shares of the basic materials company’s stock valued at $85,159,000 after acquiring an additional 1,383,700 shares during the last quarter. Millennium Management LLC boosted its holdings in Allegheny Technologies by 8.6% in the first quarter. Millennium Management LLC now owns 3,451,336 shares of the basic materials company’s stock valued at $81,728,000 after acquiring an additional 274,077 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Allegheny Technologies by 35.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,614,723 shares of the basic materials company’s stock valued at $61,917,000 after acquiring an additional 679,190 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Allegheny Technologies by 105.9% in the first quarter. OppenheimerFunds Inc. now owns 1,501,799 shares of the basic materials company’s stock valued at $35,561,000 after acquiring an additional 772,464 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Allegheny Technologies by 99.5% in the first quarter. Russell Investments Group Ltd. now owns 1,216,377 shares of the basic materials company’s stock valued at $28,803,000 after acquiring an additional 606,525 shares during the last quarter.

Shares of ATI opened at $25.71 on Friday. 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 Incorporated has a 1 year low of $17.82 and a 1 year high of $30.25. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 53.56 and a beta of 2.50.

Allegheny Technologies (NYSE:ATI) last issued its earnings results on Tuesday, July 24th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $0.09 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year. equities analysts predict that Allegheny Technologies Incorporated will post 1.58 earnings per share for the current year.

In other Allegheny Technologies news, Director James C. Diggs sold 3,844 shares of the firm’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $29.15, for a total transaction of $112,052.60. Following the transaction, the director now owns 36,146 shares in the company, valued at $1,053,655.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $25,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,844 shares of company stock worth $191,943. Company insiders own 1.00% of the company’s stock.

Several equities analysts recently issued reports on the company. ValuEngine upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Buckingham Research raised their price target on Allegheny Technologies from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Bank of America set a $34.00 price target on Allegheny Technologies and gave the company a “buy” rating in a report on Wednesday, July 25th. KeyCorp raised their price target on Allegheny Technologies from $31.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Cowen reiterated a “buy” rating and issued a $35.00 price target on shares of Allegheny Technologies in a report on Tuesday, June 26th. One 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. Allegheny Technologies currently has an average rating of “Hold” and a consensus 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.

Read More: Using the New Google Finance Tool

Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegheny Technologies Incorporated (NYSE:ATI).

Institutional Ownership 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.