Waldron Private Wealth LLC Reduces Stake in ATI Inc. $ATI

Waldron Private Wealth LLC lowered its stake in ATI Inc. (NYSE:ATI) by 23.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,503 shares of the basic materials company’s stock after selling 2,950 shares during the period. Waldron Private Wealth LLC’s holdings in ATI were worth $820,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas purchased a new position in shares of ATI during the first quarter valued at approximately $1,243,000. Bank of New York Mellon Corp boosted its position in shares of ATI by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 902,200 shares of the basic materials company’s stock valued at $46,941,000 after buying an additional 11,048 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of ATI by 14.1% during the second quarter. Public Employees Retirement System of Ohio now owns 44,195 shares of the basic materials company’s stock valued at $3,816,000 after buying an additional 5,466 shares during the period. GAMMA Investing LLC boosted its position in shares of ATI by 39.2% during the first quarter. GAMMA Investing LLC now owns 3,478 shares of the basic materials company’s stock valued at $181,000 after buying an additional 979 shares during the period. Finally, KBC Group NV boosted its position in shares of ATI by 14.2% during the first quarter. KBC Group NV now owns 5,779 shares of the basic materials company’s stock valued at $301,000 after buying an additional 720 shares during the period.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the sale, the chairman directly owned 306,538 shares of the company’s stock, valued at $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kimberly A. Fields sold 21,153 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were 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 directly owned 202,668 shares in the company, valued at approximately $17,403,101.16. The trade was a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,460 shares of company stock valued at $10,750,979 over the last ninety days. 1.10% of the stock is currently owned by insiders.

ATI Price Performance

Shares of ATI opened at $89.36 on Friday. The firm has a market capitalization of $12.32 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20. The company’s fifty day moving average price is $79.29 and its 200-day moving average price is $76.84.

ATI (NYSE:ATI) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. On average, equities research analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Friday. Zacks Research raised shares of ATI to a “hold” rating in a research note on Tuesday, August 12th. Susquehanna reduced their price target on ATI from $105.00 to $100.00 and set a “positive” rating on the stock in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ATI has an average rating of “Moderate Buy” and an average price target of $90.86.

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.