ATI (NYSE:ATI) Trading Down 6.4% - Here's What Happened

Key Points

• ATI Inc.'s stock fell by 6.4% to $77.53, with trading volume declining 9% from the average, previously closing at $82.81.
• Research analysts have mixed views on ATI, with six maintaining a "Buy" rating and a consensus price target of $93.29, while a few downgraded their expectations.
• Insider trading activity included Chairman Robert S. Wetherbee selling 50,000 shares, reducing his ownership by 14.02%, alongside other notable executive sales.

ATI Inc. (NYSE:ATI - Get Free Report)'s stock price traded down 6.4% during mid-day trading on Monday . The company traded as low as $78.15 and last traded at $77.53. 1,831,424 shares were traded during trading, a decline of 9% from the average session volume of 2,021,847 shares. The stock had previously closed at $82.81.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. BTIG Research restated a "buy" rating and set a $120.00 price objective on shares of ATI in a research report on Friday, September 12th. Susquehanna reduced their price objective on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted 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. Barclays boosted their price target on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Six 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Stock Down 4.4%

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 stock has a 50 day moving average price of $79.02 and a 200 day moving average price of $72.43. The company has a market cap of $10.91 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.13 and a beta of 1.27.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company'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. Research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kimberly A. Fields sold 20,312 shares of the business's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $80.33, for a total value of $1,631,662.96. Following the sale, the chief executive officer directly owned 244,975 shares in the company, valued at $19,678,841.75. This trade represents a 7.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,153 shares of company stock valued at $7,199,308. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in ATI in the first quarter valued at about $29,000. Golden State Wealth Management LLC grew its stake in ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 304 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in ATI by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 171 shares in the last quarter. Signaturefd LLC grew its stake in 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 purchasing an additional 206 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 386 shares in the last quarter.

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.

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