Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Allegheny Technologies Incorporated (NYSE: ATI)
Allegheny Technologies supplies specialty metals to a variety of end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. With regard to materials, the company generates most of its revenue from the production of nickel-based alloys, titanium products, titanium alloys, and other specialty alloys. Allegheny also manufactures flat-rolled stainless-steel products. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.
A quick look at the price chart below for Allegheny Technologies shows us that the stock is down 60% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 5.90 which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Allegheny Technologies include:
Ken Fisher – 1,174,669 shares
Ken Griffin – 1,166,525 shares
Jim Simons – 730,192 shares
Mario Gabelli – 714,200 shares
Joel Greenblatt – 324,139 shares
Chuck Royce – 177,813 shares
Lee Ainslie – 144,390 shares
Paul Tudor Jones – 22,134 shares
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