Police & Firemen s Retirement System of New Jersey Raises Stake in ATI Inc. $ATI

Police & Firemen s Retirement System of New Jersey boosted its holdings in ATI Inc. (NYSE:ATI) by 19.6% during the second quarter, Holdings Channel.com reports. The firm owned 53,226 shares of the basic materials company’s stock after acquiring an additional 8,711 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in ATI were worth $4,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ATI. Invesco Ltd. lifted its holdings in shares of ATI by 3.3% during the first quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company’s stock valued at $252,368,000 after purchasing an additional 153,939 shares during the last quarter. Dimensional Fund Advisors LP increased its position in ATI by 2.3% during 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 buying an additional 59,811 shares in the last quarter. Geode Capital Management LLC raised its stake in ATI by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after buying an additional 57,883 shares during the last quarter. American Century Companies Inc. boosted its holdings in ATI by 4.5% in the first quarter. American Century Companies Inc. now owns 1,422,116 shares of the basic materials company’s stock worth $73,993,000 after acquiring an additional 60,651 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. boosted its holdings in ATI by 0.3% in the first quarter. Bowen Hanes & Co. Inc. now owns 1,371,335 shares of the basic materials company’s stock worth $71,351,000 after acquiring an additional 4,420 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on ATI. KeyCorp upgraded ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Thursday. BTIG Research restated a “buy” rating and set a $120.00 price objective on shares of ATI in a research note on Wednesday, October 29th. Zacks Research raised shares of ATI to a “hold” rating in a report on Tuesday, August 12th. Barclays upped their target price on shares of ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Susquehanna raised their price target 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

ATI Stock Performance

Shares of NYSE ATI opened at $99.32 on Friday. The firm’s 50-day moving average price is $86.10 and its 200-day moving average price is $82.24. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $103.64. The company has a market cap of $13.49 billion, a PE ratio of 32.14, a PEG ratio of 1.47 and a beta of 1.32. The company has a quick ratio of 1.20, a current ratio of 2.50 and a debt-to-equity ratio of 0.94.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period 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. As a group, analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

Insider Buying and Selling at ATI

In other ATI news, VP Timothy J. Harris sold 10,543 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total transaction 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. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kimberly A. Fields sold 21,154 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $82.03, for a total value of $1,735,262.62. Following the completion of the transaction, the chief executive officer directly owned 223,821 shares in the company, valued at $18,360,036.63. This trade represents a 8.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 99,646 shares of company stock worth $8,461,892 over the last quarter. 1.10% of the stock is owned by company insiders.

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.