Timothy Harris Sells 10,543 Shares of ATI (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 10,543 shares of ATI stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total value of $1,029,945.67. Following the completion of the transaction, the vice president owned 119,394 shares of the company’s stock, valued at approximately $11,663,599.86. This trade represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

ATI Stock Performance

NYSE:ATI opened at $98.51 on Friday. The firm has a market capitalization of $13.38 billion, a PE ratio of 31.88, a PEG ratio of 1.47 and a beta of 1.32. The stock’s fifty day moving average is $85.66 and its 200 day moving average is $81.72. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $103.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 2.50.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping 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 company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. ATI’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. On average, sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in ATI during the 1st quarter valued at $29,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after buying an additional 171 shares during the period. Signaturefd LLC raised its holdings in shares of ATI by 117.7% in the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 206 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 402 shares during the period. Finally, Prestige Wealth Management Group LLC purchased a new stake in ATI in the third quarter worth about $34,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Barclays boosted their target price on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Susquehanna boosted their price objective on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.00.

About ATI

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.