Insider Selling: ATI (NYSE:ATI) VP Sells 10,542 Shares of Stock

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 10,542 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $97.77, for a total transaction of $1,030,691.34. Following the completion of the transaction, the vice president directly owned 108,852 shares of the company’s stock, valued at approximately $10,642,460.04. This represents a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ATI Trading Down 3.4%

NYSE:ATI 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 debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.20. The stock has a market cap of $12.88 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.47 and a beta of 1.32. The company’s fifty day simple moving average is $87.80 and its two-hundred day simple moving average is $83.10. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $103.64.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share 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 analyst estimates of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company 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. On average, equities analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Hedge Funds Weigh In On ATI

Several large investors have recently added to or reduced their stakes in ATI. Coldstream Capital Management Inc. bought a new stake in shares of ATI during the 3rd quarter valued at about $335,000. Danske Bank A S bought a new stake in shares of ATI in the 3rd quarter worth approximately $122,000. Kestra Private Wealth Services LLC boosted its position in ATI by 81.0% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 9,709 shares of the basic materials company’s stock valued at $790,000 after purchasing an additional 4,344 shares during the period. CANADA LIFE ASSURANCE Co increased its position in ATI by 31.5% in the third quarter. CANADA LIFE ASSURANCE Co now owns 105,554 shares of the basic materials company’s stock worth $8,362,000 after buying an additional 25,260 shares during the period. Finally, Verition Fund Management LLC grew its position in shares of ATI by 14.1% during the third quarter. Verition Fund Management LLC now owns 45,499 shares of the basic materials company’s stock worth $3,701,000 after acquiring an additional 5,629 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATI. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Barclays increased their price target on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Zacks Research raised ATI to a “hold” rating in a research report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a research note on Wednesday, October 8th. Finally, Susquehanna increased their price objective on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.00.

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.