Insider Selling: ATI (NYSE:ATI) VP Sells $1,029,945.67 in Stock

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 10,543 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total value of $1,029,945.67. Following the completion of the sale, the vice president owned 119,394 shares of the company’s stock, valued at approximately $11,663,599.86. This trade represents a 8.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

ATI Price Performance

ATI opened at $99.32 on Friday. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $103.64. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 1.47 and a beta of 1.32. The company has a current ratio of 2.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $86.10 and a 200 day simple moving average of $82.04.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion for 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 company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. 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 expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of 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 objective on shares of ATI in a report on Wednesday, October 8th. BTIG Research reissued a “buy” rating and issued a $120.00 target price on shares of ATI in a research report on Wednesday, October 29th. Finally, Susquehanna increased their price target on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Institutional Investors Weigh In On ATI

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hawk Ridge Capital Management LP boosted its stake in ATI by 43.5% in the third quarter. Hawk Ridge Capital Management LP now owns 274,600 shares of the basic materials company’s stock valued at $22,336,000 after acquiring an additional 83,300 shares during the period. Credit Agricole S A acquired a new stake in shares of ATI during the 3rd quarter worth approximately $2,038,000. Fund 1 Investments LLC bought a new stake in shares of ATI in the 3rd quarter worth approximately $1,042,000. Man Group plc boosted its position in ATI by 279.7% during the 3rd quarter. Man Group plc now owns 28,521 shares of the basic materials company’s stock valued at $2,320,000 after purchasing an additional 21,009 shares during the period. Finally, California State Teachers Retirement System grew its stake in ATI by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 134,094 shares of the basic materials company’s stock worth $10,907,000 after buying an additional 1,960 shares during the last quarter.

About ATI

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.