ATI (NYSE:ATI) VP Timothy Harris Sells 16,500 Shares

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 16,500 shares of ATI stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $207.54, for a total transaction of $3,424,410.00. Following the sale, the vice president owned 113,687 shares in the company, valued at $23,594,599.98. This represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ATI Price Performance

Shares of ATI opened at $199.10 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. ATI Inc. has a 1-year low of $75.02 and a 1-year high of $243.57. The stock has a market cap of $27.11 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. The firm has a fifty day moving average price of $203.12 and a 200 day moving average price of $178.49.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company posted $0.74 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, sell-side analysts anticipate that ATI Inc. will post 5.11 EPS for the current year.

Hedge Funds Weigh In On ATI

Several institutional investors have recently bought and sold shares of ATI. California State Teachers Retirement System lifted its position in ATI by 19,689.8% in the second quarter. California State Teachers Retirement System now owns 31,220,640 shares of the basic materials company’s stock valued at $6,153,588,000 after purchasing an additional 31,062,879 shares during the period. BlackRock Inc. acquired a new position in ATI during the 2nd quarter worth approximately $3,687,529,000. Bank of America Corp DE purchased a new position in shares of ATI during the 2nd quarter worth approximately $348,285,000. Norges Bank purchased a new position in shares of ATI during the 4th quarter worth approximately $198,787,000. Finally, SG Americas Securities LLC lifted its holdings in shares of ATI by 1,471.8% in the 1st quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock valued at $156,423,000 after buying an additional 1,006,951 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ATI shares. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. KeyCorp lifted their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $275.00 price target on shares of ATI in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $232.00.

ATI Company Profile

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving aerospace and defense, medical, energy, transportation, and other demanding industrial markets. The company develops and produces advanced alloys and engineered materials designed to perform in high-temperature, corrosive, and high-stress environments.

ATI’s products include nickel-based superalloys, titanium and titanium-based materials, specialty stainless steels, zirconium and other specialty alloys. Its manufacturing capabilities also include precision forgings, castings, rolled products, and machined components used in aircraft engines, airframes, power-generation equipment, medical devices, and industrial applications.

The company was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc’s specialty metals operations and adopted the name ATI Inc in 2021.