Peak Financial Advisors LLC Takes $495,000 Position in ATI Inc. $ATI

Key Points

• Peak Financial Advisors LLC purchased 5,735 shares of ATI Inc. valued at approximately $495,000 in the second quarter, marking a new position in the company's stock.
• Insider selling occurred as Chairman Robert S. Wetherbee sold 50,000 shares for about $3.73 million, leading to a 14.02% decrease in his ownership.
• Ryver institutions have increased their stakes, with Northern Trust Corp boosting its position by 33.4%, reflecting growing institutional interest in ATI.

Peak Financial Advisors LLC acquired a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,735 shares of the basic materials company's stock, valued at approximately $495,000.

Several other large investors have also modified their holdings of ATI. Voya Investment Management LLC lifted its holdings in shares of ATI by 87.9% in the first quarter. Voya Investment Management LLC now owns 109,334 shares of the basic materials company's stock valued at $5,689,000 after purchasing an additional 51,143 shares in the last quarter. Strs Ohio purchased a new stake in shares of ATI in the first quarter valued at $937,000. Intech Investment Management LLC lifted its holdings in shares of ATI by 104.3% in the first quarter. Intech Investment Management LLC now owns 58,458 shares of the basic materials company's stock valued at $3,042,000 after purchasing an additional 29,838 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ATI by 10.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 658,195 shares of the basic materials company's stock valued at $34,246,000 after purchasing an additional 61,021 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of ATI in the first quarter valued at $460,000.

ATI Price Performance

Shares of NYSE:ATI traded down $0.62 during trading on Friday, reaching $79.86. The stock had a trading volume of 474,777 shares, compared to its average volume of 2,020,846. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $96.20. The business's 50-day moving average price is $80.41 and its 200 day moving average price is $71.12. 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 capitalization of $11.01 billion, a PE ratio of 27.72, a P/E/G ratio of 1.07 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 earnings per share 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 firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the company posted $0.60 EPS. ATI's revenue 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, equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David J. Morehouse sold 7,900 shares of the business'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 value of $598,899.00. Following the completion of the transaction, the director owned 44,777 shares in the company, valued at $3,394,544.37. The trade was a 15.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kimberly A. Fields sold 15,941 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $77.52, for a total transaction of $1,235,746.32. Following the completion of the transaction, the chief executive officer owned 265,287 shares of the company's stock, valued at $20,565,048.24. This trade represents a 5.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,841 shares of company stock worth $5,567,645 in the last quarter. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Barclays increased their price objective on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Susquehanna cut their price objective on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Finally, BTIG Research reissued a "buy" rating and set a $120.00 target price on shares of ATI in a research report on Friday, September 12th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus 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.