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

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 16,500 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the completion of the sale, the vice president owned 130,187 shares of the company’s stock, valued at approximately $27,340,571.87. The trade was a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ATI Price Performance

ATI traded up $0.31 during trading on Wednesday, reaching $201.26. The company’s stock had a trading volume of 1,921,630 shares, compared to its average volume of 1,885,408. The company has a market cap of $27.41 billion, a price-to-earnings ratio of 59.02, a PEG ratio of 1.23 and a beta of 1.01. The firm has a fifty day simple moving average of $201.67 and a two-hundred day simple moving average of $175.64. ATI Inc. has a 1 year low of $74.45 and a 1 year high of $243.57. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s 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, analysts anticipate that ATI Inc. will post 5.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. KeyCorp upped their target price on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. TD Cowen lifted their price target on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Susquehanna raised their price objective on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Finally, BTIG Research lifted their target price on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $232.00.

Institutional Trading of ATI

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after buying an additional 4,542 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after acquiring an additional 209,480 shares during the period. Cetera Investment Advisers purchased a new stake in shares of ATI in the 2nd quarter valued at approximately $324,000. M&T Bank Corp acquired a new position in shares of ATI in the 2nd quarter worth approximately $317,000. Finally, First Trust Advisors LP lifted its holdings in shares of ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after acquiring an additional 9,234 shares during the last quarter.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.