ATI Inc. $ATI Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in ATI Inc. by 14.1% during the 2nd quarter, owning 44,195 shares valued at approximately $3.8 million.
• Insider transactions revealed that Director David J. Morehouse and Chairman Robert S. Wetherbee sold a combined total of 57,900 shares, reflecting a decrease in their ownership positions.
• Analysts have a consensus rating of "Moderate Buy" on ATI shares, with an average target price of $93.29.

Public Employees Retirement System of Ohio lifted its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,195 shares of the basic materials company's stock after buying an additional 5,466 shares during the quarter. Public Employees Retirement System of Ohio's holdings in ATI were worth $3,816,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ATI. WPG Advisers LLC acquired a new position in shares of ATI during the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC boosted its stake in ATI by 104.1% during the 1st 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. MassMutual Private Wealth & Trust FSB grew its holdings in shares of ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company's stock worth $33,000 after buying an additional 171 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of 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 buying an additional 386 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of ATI during the first quarter worth $36,000.

Insider Buying and Selling at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the company'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 owned 44,777 shares of the company's stock, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the completion of the transaction, the chairman directly owned 306,538 shares in the company, valued at $22,886,127.08. The trade was a 14.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,153 shares of company stock valued at $7,199,308 over the last 90 days. 1.10% of the stock is owned by insiders.

ATI Trading Up 2.6%

Shares of ATI stock opened at $81.32 on Wednesday. The company's 50-day moving average price is $78.52 and its 200-day moving average price is $72.68. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.08 and a beta of 1.27. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly 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 firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. The company's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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, equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ATI shares. JPMorgan Chase & Co. upped their target price on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Susquehanna dropped their target price on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. Zacks Research raised shares of ATI to a "hold" rating in a report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. Finally, BTIG Research reaffirmed a "buy" rating and set a $120.00 target price on shares of ATI in a report on Friday, September 12th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ATI has a consensus rating of "Moderate Buy" and an average target price of $93.29.

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.

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