Ameriprise Financial Inc. Lowers Stake in ATI Inc. $ATI

Key Points

• Ameriprise Financial Inc. reduced its stake in ATI Inc. by 7.5% during the first quarter, now holding approximately 2.07% of the company, valued at $151.8 million.
• Several large investors increased their holdings in ATI, with Golden State Wealth Management boosting its position by 104.1% and Bessemer Group Inc. by 139.9% in the same period.
• Wall Street analysts are optimistic, as JPMorgan Chase raised its price target for ATI from $75 to $92 and multiple analysts have rated the stock as a "Moderate Buy."

Ameriprise Financial Inc. trimmed its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,917,656 shares of the basic materials company's stock after selling 237,821 shares during the quarter. Ameriprise Financial Inc. owned 2.07% of ATI worth $151,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATI. Invesco Ltd. raised its holdings in shares of ATI by 3.3% during the first quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company's stock worth $252,368,000 after acquiring an additional 153,939 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of ATI by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company's stock worth $136,164,000 after acquiring an additional 59,811 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of ATI by 14.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,463,613 shares of the basic materials company's stock worth $80,557,000 after acquiring an additional 181,272 shares during the period. American Century Companies Inc. increased its stake in ATI by 4.5% in the 1st quarter. American Century Companies Inc. now owns 1,422,116 shares of the basic materials company's stock valued at $73,993,000 after buying an additional 60,651 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. increased its stake in ATI by 0.3% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 1,371,335 shares of the basic materials company's stock valued at $71,351,000 after buying an additional 4,420 shares during the last quarter.

ATI Price Performance

NYSE:ATI traded up $1.68 on Thursday, hitting $78.44. The company had a trading volume of 863,005 shares, compared to its average volume of 2,059,739. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $96.20. The firm has a 50 day moving average of $82.98 and a two-hundred day moving average of $69.15. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.04 and a beta of 1.20.

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

Analyst Ratings Changes

Several research firms have recently weighed in on ATI. Susquehanna lowered their price objective on shares of ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a research note on Friday, August 1st. BTIG Research set a $120.00 price objective on shares of ATI and gave the stock a "buy" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Zacks Research upgraded shares of ATI to a "hold" rating in a research note on Tuesday, August 12th. Finally, KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $93.29.

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $83.93, for a total value of $4,196,500.00. Following the completion of the transaction, the chairman owned 356,538 shares of the company's stock, valued at $29,924,234.34. The trade was a 12.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of the sale, the director owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,900 shares of company stock worth $12,610,399 over the last three months. 1.10% of the stock is owned by 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.