Dupont Capital Management Corp Has $189,000 Holdings in Allegheny Technologies Incorporated (ATI)

Dupont Capital Management Corp cut its stake in shares of Allegheny Technologies Incorporated (NYSE:ATI) by 32.6% in the first quarter, HoldingsChannel.com reports. The fund owned 7,400 shares of the basic materials company’s stock after selling 3,576 shares during the period. Dupont Capital Management Corp’s holdings in Allegheny Technologies were worth $189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Boston Advisors LLC raised its holdings in shares of Allegheny Technologies by 1.1% in the first quarter. Boston Advisors LLC now owns 46,108 shares of the basic materials company’s stock valued at $1,179,000 after buying an additional 500 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Allegheny Technologies by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 162,956 shares of the basic materials company’s stock valued at $3,548,000 after buying an additional 533 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in shares of Allegheny Technologies by 1.7% in the first quarter. Virginia Retirement Systems ET AL now owns 35,000 shares of the basic materials company’s stock valued at $895,000 after buying an additional 600 shares during the last quarter. Shine Investment Advisory Services Inc. raised its holdings in shares of Allegheny Technologies by 123.5% in the first quarter. Shine Investment Advisory Services Inc. now owns 1,133 shares of the basic materials company’s stock valued at $29,000 after buying an additional 626 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Allegheny Technologies by 1.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 50,237 shares of the basic materials company’s stock valued at $1,094,000 after buying an additional 697 shares during the last quarter.

A number of research analysts recently issued reports on the company. Buckingham Research cut Allegheny Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $40.00 to $27.00 in a report on Monday, May 6th. ValuEngine cut Allegheny Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. KeyCorp lifted their price target on Allegheny Technologies from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Macquarie cut Allegheny Technologies from an “outperform” rating to a “neutral” rating and cut their price target for the company from $34.00 to $28.00 in a report on Friday, April 12th. Finally, Zacks Investment Research raised Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Allegheny Technologies has an average rating of “Hold” and a consensus price target of $31.91.

In other Allegheny Technologies news, insider Richard J. Harshman sold 7,140 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $28.99, for a total transaction of $206,988.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 38,128 shares of company stock valued at $1,109,467 over the last three months. Company insiders own 1.06% of the company’s stock.

Shares of NYSE:ATI opened at $22.69 on Wednesday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 0.98 and a beta of 2.34. Allegheny Technologies Incorporated has a 1-year low of $20.84 and a 1-year high of $30.18. 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 (NYSE:ATI) last announced its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.18 million. Allegheny Technologies had a return on equity of 8.79% and a net margin of 4.41%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. As a group, sell-side analysts expect that Allegheny Technologies Incorporated will post 1.53 EPS for the current year.

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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 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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