ATI Inc. $ATI Shares Bought by Amundi

Key Points

• Amundi increased its stake in ATI Inc. (NYSE:ATI) by 38.5% in Q1, acquiring a total of 101,541 shares valued at approximately $4.96 million.
• ATI reported a $0.74 EPS for the last quarter, slightly surpassing analyst expectations of $0.72, with a year-over-year revenue increase of 4.1%.
• Several research analysts have raised their target prices for ATI, with Barclays setting a new target of $90 and JPMorgan lifting theirs to $92, indicating a generally positive outlook for the stock.

Amundi grew its holdings in ATI Inc. (NYSE:ATI - Free Report) by 38.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,541 shares of the basic materials company's stock after acquiring an additional 28,215 shares during the period. Amundi owned about 0.07% of ATI worth $4,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Invesco Ltd. boosted its holdings in ATI by 3.3% in the first quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company's stock valued at $252,368,000 after purchasing an additional 153,939 shares during the period. Dimensional Fund Advisors LP raised its position in ATI by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company's stock valued at $136,164,000 after purchasing an additional 59,811 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of 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 period. Bowen Hanes & Co. Inc. grew its position in shares of ATI by 0.3% during the first quarter. Bowen Hanes & Co. Inc. now owns 1,371,335 shares of the basic materials company's stock worth $71,351,000 after buying an additional 4,420 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of ATI by 33.4% during the first quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company's stock worth $65,701,000 after buying an additional 316,090 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target 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. Citigroup upgraded shares of ATI to a "positive" rating in a research note on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. BTIG Research reaffirmed a "buy" rating and set a $120.00 price target on shares of ATI in a report on Friday. Finally, Zacks Research upgraded ATI to a "hold" rating in a report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $93.29.

ATI Stock Performance

ATI traded up $1.96 during trading on Tuesday, hitting $79.41. 1,681,887 shares of the stock were exchanged, compared to its average volume of 1,597,485. 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 1-year low of $39.23 and a 1-year high of $96.20. The stock has a fifty day moving average price of $80.75 and a two-hundred day moving average price of $70.91. The firm has a market capitalization of $10.95 billion, a P/E ratio of 27.57, a PEG ratio of 1.06 and a beta of 1.27.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (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 for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm posted $0.60 earnings per share. The company's revenue for the quarter 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. As a group, sell-side analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the transaction, the chairman owned 306,538 shares in the company, valued at $22,886,127.08. The trade was a 14.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kimberly A. Fields sold 15,941 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $77.52, for a total value of $1,235,746.32. Following the sale, the chief executive officer directly owned 265,287 shares of the company's stock, valued at approximately $20,565,048.24. This represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,841 shares of company stock worth $5,567,645. 1.10% of the stock is owned by company insiders.

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.