ATI Inc. $ATI Shares Acquired 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 its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,541 shares of the basic materials company's stock after buying an additional 28,215 shares during the quarter. Amundi owned about 0.07% of ATI worth $4,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in ATI during the first quarter worth $29,000. Golden State Wealth Management LLC raised its holdings in ATI by 104.1% during the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after purchasing an additional 304 shares during the last quarter. Bessemer Group Inc. raised its holdings in ATI by 139.9% during the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after purchasing an additional 386 shares during the last quarter. Olde Wealth Management LLC acquired a new position in ATI during the first quarter worth $36,000. Finally, Headlands Technologies LLC acquired a new position in ATI during the first quarter worth $47,000.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction on 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 completion of the sale, the chairman owned 306,538 shares of the company's stock, valued at $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kimberly A. Fields sold 15,941 shares of ATI stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 73,841 shares of company stock valued at $5,567,645 over the last quarter. Company insiders own 1.10% of the company's stock.

ATI Price Performance

ATI stock traded up $0.35 during mid-day trading on Friday, hitting $76.33. 1,374,474 shares of the company were exchanged, compared to its average volume of 1,645,027. The company has a market capitalization of $10.52 billion, a P/E ratio of 26.50, a PEG ratio of 1.04 and a beta of 1.27. 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 Inc. has a 12-month low of $39.23 and a 12-month high of $96.20. The business's 50 day simple moving average is $81.12 and its two-hundred day simple moving average is $70.52.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ATI. Citigroup raised ATI to a "positive" rating in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. Barclays lifted 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. BTIG Research reissued a "buy" rating and set a $120.00 price target on shares of ATI in a research report on Friday. Finally, KeyCorp downgraded 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.29.

ATI 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.