ATI Inc. $ATI Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC reduced its position in ATI Inc. (NYSE:ATI) by 31.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 778,482 shares of the basic materials company’s stock after selling 353,814 shares during the quarter. Neuberger Berman Group LLC’s holdings in ATI were worth $67,214,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ATI. Signaturefd LLC lifted its stake in shares of ATI by 117.7% in the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 206 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 171 shares in the last quarter. WPG Advisers LLC acquired a new stake in ATI in the first quarter valued at about $29,000. Nomura Asset Management Co. Ltd. lifted its position in ATI by 56.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 260 shares during the period. Finally, MAI Capital Management boosted its holdings in ATI by 38.6% in the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 242 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. KeyCorp raised ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. upped their price target on shares of ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Zacks Research upgraded shares of ATI to a “hold” rating in a report on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.00.

ATI Stock Up 1.1%

ATI stock opened at $100.37 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.20. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $103.64. The firm has a market capitalization of $13.64 billion, a PE ratio of 32.48, a P/E/G ratio of 1.47 and a beta of 1.32. The company’s 50 day simple moving average is $89.84 and its 200-day simple moving average is $84.11.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. The firm 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%.ATI’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Equities analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kimberly A. Fields sold 21,153 shares of ATI stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the completion of the sale, the chief executive officer owned 202,668 shares in the company, valued at approximately $17,403,101.16. This trade represents a 9.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the transaction, the senior vice president owned 21,274 shares in the company, valued at approximately $1,984,013.24. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 183,328 shares of company stock worth $16,667,123 in the last ninety days. 1.10% of the stock is currently owned by 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.