ATI (NYSE:ATI) VP Timothy Harris Sells 10,543 Shares

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 10,543 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.07, for a total value of $1,012,866.01. Following the completion of the transaction, the vice president owned 129,937 shares of the company’s stock, valued at approximately $12,483,047.59. This represents a 7.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ATI Trading Up 0.5%

ATI stock opened at $96.49 on Thursday. The stock has a market cap of $13.11 billion, a PE ratio of 31.23, a P/E/G ratio of 1.47 and a beta of 1.29. The stock has a 50-day moving average price of $83.22 and a 200 day moving average price of $79.91. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $103.64. The company has a current ratio of 2.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. Equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ATI

A number of institutional investors have recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of ATI by 3.3% in the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company’s stock valued at $252,368,000 after acquiring an additional 153,939 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ATI by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company’s stock valued at $136,164,000 after acquiring an additional 59,811 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ATI by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after acquiring an additional 57,883 shares during the last quarter. Norges Bank bought a new stake in shares of ATI in the 2nd quarter valued at approximately $146,726,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of ATI by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock valued at $129,288,000 after acquiring an additional 4,917 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on ATI. JPMorgan Chase & Co. lifted their price target on ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a research report on Wednesday, October 8th. Zacks Research raised ATI to a “hold” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ATI currently has an average rating of “Moderate Buy” and a consensus price target of $93.71.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.