Woodline Partners LP Lowers Stake in ATI Inc. $ATI

Woodline Partners LP lessened its stake in ATI Inc. (NYSE:ATI) by 4.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 944,216 shares of the basic materials company’s stock after selling 47,525 shares during the period. Woodline Partners LP owned about 0.67% of ATI worth $49,128,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Forest Avenue Capital Management LP purchased a new stake in shares of ATI in the 1st quarter valued at $44,867,000. Senator Investment Group LP boosted its holdings in ATI by 68.7% during the 1st quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company’s stock valued at $63,086,000 after acquiring an additional 493,944 shares during the period. Trexquant Investment LP acquired a new position in ATI in the 1st quarter valued at about $21,807,000. SG Capital Management LLC purchased a new stake in ATI during the fourth quarter worth about $18,443,000. Finally, Northern Trust Corp lifted its position in shares of ATI by 33.4% during the first quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company’s stock worth $65,701,000 after purchasing an additional 316,090 shares in the last quarter.

ATI Stock Down 0.2%

ATI stock opened at $77.46 on Tuesday. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20. The stock has a market cap of $10.68 billion, a PE ratio of 26.90, a P/E/G ratio of 1.06 and a beta of 1.27. The stock’s fifty day moving average is $81.91 and its two-hundred day moving average is $70.18.

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

Insider Buying and Selling

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $83.93, for a total value of $4,196,500.00. Following the transaction, the chairman directly owned 356,538 shares of the company’s stock, valued at $29,924,234.34. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.81, for a total transaction of $598,899.00. Following the sale, the director owned 44,777 shares in the company, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,900 shares of company stock valued at $8,528,399 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ATI shares. Barclays lifted their price objective on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the stock a “hold” rating in a research note on Tuesday, July 8th. Susquehanna reduced their price objective on ATI from $105.00 to $100.00 and set a “positive” rating on the stock in a research note on Friday, August 1st. BTIG Research set a $120.00 target price on ATI and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Zacks Research upgraded ATI to a “hold” rating in a report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ATI has an average rating of “Moderate Buy” and an average target price of $93.29.

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.