10,509 Shares in ATI Inc. $ATI Bought by Friedenthal Financial

Friedenthal Financial bought a new position in ATI Inc. (NYSE:ATI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,509 shares of the basic materials company's stock, valued at approximately $907,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATI. KLP Kapitalforvaltning AS boosted its stake in shares of ATI by 5.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 29,000 shares of the basic materials company's stock worth $2,504,000 after buying an additional 1,400 shares during the last quarter. Motiv8 Investments LLC acquired a new position in shares of ATI during the 2nd quarter worth about $220,000. OLD National Bancorp IN acquired a new position in shares of ATI during the 2nd quarter worth about $217,000. Accel Wealth Management acquired a new position in shares of ATI during the 2nd quarter worth about $259,000. Finally, 111 Capital acquired a new position in shares of ATI during the 2nd quarter worth about $247,000.

ATI Stock Down 0.2%

ATI stock opened at $83.50 on Wednesday. The stock has a market cap of $11.51 billion, a P/E ratio of 28.99, a P/E/G ratio of 1.14 and a beta of 1.29. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20. The company's 50-day moving average price is $77.37 and its two-hundred day moving average price is $73.76.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the firm earned $0.60 earnings per share. The business's revenue for the quarter was up 4.1% on a year-over-year basis. 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, analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on ATI. Susquehanna reduced their price objective on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on shares of ATI and gave the stock a "hold" rating in a research note on Tuesday, July 8th. Barclays increased their price objective on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Weiss Ratings restated a "buy (b-)" rating on shares of ATI in a research note on Saturday, September 27th. Finally, Zacks Research raised shares of ATI to a "hold" rating in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $93.29.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the transaction, the director directly owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chairman directly owned 306,538 shares in the company, valued at $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,153 shares of company stock valued at $7,199,308. 1.10% of the stock is currently owned by company insiders.

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.

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