ATI Inc. $ATI Stock Position Increased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has increased its stake in ATI Inc. by 5.4%, owning approximately 0.60% of the company, which is valued at nearly $44 million.
• ATI reported a quarterly earnings per share (EPS) of $0.74, exceeding the consensus estimate of $0.72, with a year-over-year revenue growth of 4.1%.
• Research analysts maintain a consensus rating of “Moderate Buy” for ATI, with an average price target of $93.29, reflecting optimistic forecasts for the company's growth.

Raymond James Financial Inc. lifted its holdings in ATI Inc. (NYSE:ATI - Free Report) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 845,252 shares of the basic materials company's stock after acquiring an additional 43,024 shares during the period. Raymond James Financial Inc. owned approximately 0.60% of ATI worth $43,978,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of ATI in the first quarter worth $1,243,000. Bank of New York Mellon Corp increased its position in shares of ATI by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 902,200 shares of the basic materials company's stock worth $46,941,000 after acquiring an additional 11,048 shares in the last quarter. GAMMA Investing LLC grew its holdings in ATI by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 3,478 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 979 shares in the last quarter. KBC Group NV grew its holdings in ATI by 14.2% during the 1st quarter. KBC Group NV now owns 5,779 shares of the basic materials company's stock valued at $301,000 after purchasing an additional 720 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in ATI by 139.9% during the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 386 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently weighed in on ATI. KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Zacks Research raised shares of ATI to a "hold" rating in a report on Tuesday, August 12th. Citigroup raised shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. Finally, Barclays raised their price target on shares of ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $93.29.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $83.93, for a total transaction of $4,196,500.00. Following the completion of the transaction, the chairman owned 356,538 shares in the company, valued at approximately $29,924,234.34. The trade was a 12.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,900 shares of company stock worth $12,610,399. Insiders own 1.10% of the company's stock.

ATI Stock Performance

Shares of ATI stock traded up $0.29 during trading hours on Thursday, reaching $77.05. The company's stock had a trading volume of 286,965 shares, compared to its average volume of 2,056,382. The company's 50 day simple moving average is $82.98 and its 200 day simple moving average is $69.15. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. ATI Inc. has a one year low of $39.23 and a one year high of $96.20. The stock has a market cap of $10.62 billion, a P/E ratio of 26.74, a price-to-earnings-growth 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 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 company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.60 EPS. The company's revenue for the quarter 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, analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

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.