Insider Selling: ATI (NYSE:ATI) Chairman Sells 60,000 Shares of Stock

ATI Inc. (NYSE:ATI) Chairman Robert Wetherbee sold 60,000 shares of ATI stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the completion of the sale, the chairman owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ATI Stock Performance

ATI stock traded down $3.35 during mid-day trading on Thursday, reaching $94.77. The company’s stock had a trading volume of 1,347,253 shares, compared to its average volume of 1,935,562. 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 Inc. has a twelve month low of $39.23 and a twelve month high of $103.64. The business has a 50 day moving average price of $87.80 and a 200-day moving average price of $83.10. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.47 and a beta of 1.32.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Susquehanna upped their target price on ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. BTIG Research restated a “buy” rating and issued a $120.00 price objective on shares of ATI in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Zacks Research raised shares of ATI to a “hold” rating in a report on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, ATI currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

Institutional Investors Weigh In On ATI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital International Investors lifted its position in shares of ATI by 2.6% in the third quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after buying an additional 436,131 shares during the last quarter. Capital World Investors raised its holdings in ATI by 15.8% in the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after acquiring an additional 1,080,201 shares in the last quarter. State Street Corp lifted its position in ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after purchasing an additional 415,479 shares during the period. Invesco Ltd. boosted its position in shares of ATI by 3.3% during the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company’s stock worth $252,368,000 after acquiring an additional 153,939 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 59,811 shares during the last quarter.

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.