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

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 10,543 shares of the stock in a transaction dated 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 completion of the sale, the vice president directly owned 129,937 shares in the company, valued at approximately $12,483,047.59. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

ATI Price Performance

ATI traded up $0.47 during midday trading on Wednesday, reaching $96.49. 1,171,108 shares of the company’s stock were exchanged, compared to its average volume of 1,972,575. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $103.64. The stock has a market capitalization of $13.11 billion, a PE ratio of 31.23, a P/E/G ratio of 1.47 and a beta of 1.29. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.20. The business’s 50-day moving average price is $82.83 and its 200 day moving average price is $79.79.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS 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 for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. As a group, equities analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Invesco Ltd. increased its position in shares of ATI by 3.3% in the first quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company’s stock worth $252,368,000 after acquiring an additional 153,939 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ATI by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company’s stock valued at $136,164,000 after acquiring an additional 59,811 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ATI by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after acquiring an additional 57,883 shares in the last quarter. Norges Bank purchased a new stake in ATI during the 2nd quarter worth $146,726,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in ATI by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock valued at $129,288,000 after purchasing an additional 4,917 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on ATI shares. Zacks Research upgraded ATI to a “hold” rating in a research report on Tuesday, August 12th. Susquehanna boosted their price objective on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. BTIG Research restated a “buy” rating and set a $120.00 target price on shares of ATI in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.71.

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.