ATI (NYSE:ATI) CEO Sells $1,735,262.62 in Stock

Key Points

• ATI CEO, Kimberly Fields, sold 21,154 shares of the company's stock for a total of $1,735,262.62, resulting in an 8.64% decrease in her holdings.
• The company reported earnings of $0.74 per share for the last quarter, exceeding expectations, but revenues slightly missed analyst estimates at $1.14 billion.
• Analysts have a consensus rating of "Moderate Buy" for ATI, with a target price of $90.86 according to recent evaluations from several firms.

ATI Inc. (NYSE:ATI - Get Free Report) CEO Kimberly Fields sold 21,154 shares of the business's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $82.03, for a total value of $1,735,262.62. Following the transaction, the chief executive officer owned 223,821 shares of the company's stock, valued at $18,360,036.63. This represents a 8.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

ATI Trading Down 0.2%

Shares of ATI stock opened at $83.52 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. The firm has a market capitalization of $11.51 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. The stock has a fifty day moving average of $77.37 and a two-hundred day moving average of $73.76. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $96.20.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The company's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. As a group, research analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its position in ATI by 366.0% during the third quarter. Assenagon Asset Management S.A. now owns 67,633 shares of the basic materials company's stock valued at $5,501,000 after buying an additional 53,120 shares during the period. Graphene Investments SAS increased its position in ATI by 9.5% in the 3rd quarter. Graphene Investments SAS now owns 40,400 shares of the basic materials company's stock worth $3,286,000 after purchasing an additional 3,500 shares during the last quarter. Osaic Holdings Inc. increased its position in ATI by 82.5% in the 2nd quarter. Osaic Holdings Inc. now owns 21,305 shares of the basic materials company's stock worth $1,839,000 after purchasing an additional 9,634 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in ATI in the 2nd quarter worth about $131,000. Finally, FORA Capital LLC acquired a new position in ATI in the 2nd quarter worth about $3,292,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a report on Wednesday. Zacks Research raised ATI to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of ATI in a research report on Saturday, September 27th. JPMorgan Chase & Co. boosted their target price on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Barclays boosted their target price on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, ATI presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.86.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.