6,232 Shares in ATI Inc. $ATI Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired 6,232 shares of ATI Inc., valued at approximately $324,000, indicating growing institutional interest in the company.
• Several analysts have given ATI a "buy" rating, with price targets increased to between $90.00 and $120.00, reflecting a positive outlook on the stock.
• CEO Kimberly A. Fields recently sold over 15,000 shares, marking a 5.67% decline in her ownership, but she still retains a significant stake worth over $20 million.

Dynamic Technology Lab Private Ltd bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,232 shares of the basic materials company's stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ATI. Forest Avenue Capital Management LP purchased a new position in ATI during the first quarter worth about $44,867,000. Woodline Partners LP grew its position in ATI by 132.0% during the fourth quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company's stock worth $54,585,000 after buying an additional 564,308 shares in the last quarter. Senator Investment Group LP grew its position in ATI by 68.7% during the first quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company's stock worth $63,086,000 after buying an additional 493,944 shares in the last quarter. Trexquant Investment LP purchased a new position in ATI during the first quarter worth about $21,807,000. Finally, SG Capital Management LLC purchased a new position in ATI during the fourth quarter worth about $18,443,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ATI shares. BTIG Research reiterated a "buy" rating and set a $120.00 price objective on shares of ATI in a research report on Friday. JPMorgan Chase & Co. increased their price objective on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Barclays increased their price objective on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Zacks Research upgraded ATI to a "hold" rating in a research report on Tuesday, August 12th. Finally, KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $93.29.

ATI Trading Up 0.5%

Shares of ATI stock opened at $76.33 on Friday. The stock has a market capitalization of $10.52 billion, a PE ratio of 26.50, a P/E/G ratio of 1.04 and a beta of 1.27. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20. The business has a 50-day moving average of $81.12 and a 200 day moving average of $70.52. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results 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 company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.ATI's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. 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, sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 15,941 shares of the company'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 represents a 5.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David J. Morehouse sold 7,900 shares of the company'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 transaction, the director directly owned 44,777 shares of the company's stock, valued at $3,394,544.37. The trade was a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,841 shares of company stock valued at $5,567,645 in the last 90 days. Insiders own 1.10% of the company's stock.

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.

Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATI - Free Report).

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.