Mayflower Financial Advisors LLC Acquires Shares of 4,051 ATI Inc. $ATI

Mayflower Financial Advisors LLC acquired a new stake in shares of ATI Inc. (NYSE:ATI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,051 shares of the basic materials company’s stock, valued at approximately $350,000.

Other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in shares of ATI in the 1st quarter worth approximately $1,243,000. Bank of New York Mellon Corp boosted its holdings in shares of ATI by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 902,200 shares of the basic materials company’s stock worth $46,941,000 after acquiring an additional 11,048 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of ATI by 14.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 44,195 shares of the basic materials company’s stock worth $3,816,000 after acquiring an additional 5,466 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of ATI by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 3,478 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 979 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of ATI by 14.2% in the 1st quarter. KBC Group NV now owns 5,779 shares of the basic materials company’s stock worth $301,000 after acquiring an additional 720 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted 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. Zacks Research raised ATI to a “hold” rating in a report on Tuesday, August 12th. Susquehanna boosted their target price on ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, ATI currently has an average rating of “Moderate Buy” and an average target price of $93.71.

Insider Buying and Selling at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of the sale, the director owned 44,777 shares in the company, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kimberly A. Fields sold 21,153 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the sale, the chief executive officer owned 202,668 shares of the company’s stock, valued at $17,403,101.16. The trade was a 9.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 136,460 shares of company stock worth $10,750,979. Insiders own 1.10% of the company’s stock.

ATI Stock Up 4.6%

NYSE:ATI opened at $103.08 on Thursday. The stock’s fifty day moving average price is $80.84 and its two-hundred day moving average price is $78.09. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $103.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 2.50. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 1.41 and a beta of 1.29.

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

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.