BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases Shares of 1,473 ATI Inc. $ATI

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in ATI Inc. (NYSE:ATI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,473 shares of the basic materials company’s stock, valued at approximately $127,000.

Several other institutional investors and hedge funds also recently modified their holdings of ATI. Hantz Financial Services Inc. raised its position in shares of ATI by 45.1% in the second quarter. Hantz Financial Services Inc. now owns 19,433 shares of the basic materials company’s stock valued at $1,678,000 after buying an additional 6,041 shares during the last quarter. World Investment Advisors acquired a new position in shares of ATI in the second quarter valued at approximately $271,000. Mayflower Financial Advisors LLC acquired a new position in shares of ATI in the second quarter valued at approximately $350,000. Oarsman Capital Inc. acquired a new position in shares of ATI in the second quarter valued at approximately $308,000. Finally, Teacher Retirement System of Texas raised its position in shares of ATI by 33.7% in the second quarter. Teacher Retirement System of Texas now owns 31,931 shares of the basic materials company’s stock valued at $2,757,000 after buying an additional 8,041 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ATI shares. Susquehanna upped their price target on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. Zacks Research raised shares of ATI to a “hold” rating in a research report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of ATI in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. Finally, Barclays boosted their price objective 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. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.71.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 21,154 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the transaction, the chief executive officer directly owned 223,821 shares in the company, valued at $18,360,036.63. This represents a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Timothy J. Harris sold 10,543 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.07, for a total transaction of $1,012,866.01. Following the transaction, the vice president owned 129,937 shares in the company, valued at $12,483,047.59. This trade represents a 7.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 89,103 shares of company stock worth $7,431,946 over the last quarter. 1.10% of the stock is currently owned by insiders.

ATI Price Performance

Shares of ATI stock opened at $96.49 on Thursday. The company has a market capitalization of $13.11 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The firm has a fifty day simple moving average of $83.22 and a 200-day simple moving average of $79.91. The company has a current ratio of 2.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $103.64.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.10. ATI had a net margin of 9.71% and a return on equity of 23.34%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue 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. Equities research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.