Ballentine Partners LLC Purchases Shares of 3,461 ATI Inc. $ATI

Key Points

• Ballentine Partners LLC acquired 3,461 shares of ATI Inc. valued at approximately $299,000 as part of a recent investment in the company during the second quarter.
• Several institutional investors have also increased their stakes in ATI, with notable increases including a **79.5%** growth by MassMutual Private Wealth & Trust FSB during the same period.
• Wall Street analysts have expressed positive sentiment towards ATI, with price targets ranging from **$92.00 to $120.00**, and an average rating of "Moderate Buy."

Ballentine Partners LLC purchased a new position in ATI Inc. (NYSE:ATI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,461 shares of the basic materials company's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATI. Fifth Third Bancorp grew its stake in shares of ATI by 11.4% in the second quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company's stock worth $108,000 after purchasing an additional 128 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in ATI by 10.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company's stock worth $126,000 after buying an additional 143 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of ATI by 79.5% in the 2nd 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 during the last quarter. Evergreen Capital Management LLC grew its position in shares of ATI by 2.3% in the 1st quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company's stock worth $413,000 after buying an additional 176 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of ATI by 12.2% during the second quarter. UMB Bank n.a. now owns 1,771 shares of the basic materials company's stock valued at $153,000 after buying an additional 192 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ATI. JPMorgan Chase & Co. raised their price target on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Susquehanna cut their target price 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 reiterated a "buy" rating and set a $120.00 target price on shares of ATI in a report on Friday, September 12th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the stock a "hold" rating in a research note on Tuesday, July 8th. Finally, Zacks Research raised ATI to a "hold" rating in a research report on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $93.29.

ATI Stock Up 7.2%

Shares of NYSE:ATI opened at $82.96 on Monday. 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 fifty day simple moving average of $79.02 and a two-hundred day simple moving average of $72.43. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $96.20. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.13 and a beta of 1.27.

ATI (NYSE:ATI - Get Free Report) last issued 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 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 company's revenue was up 4.1% on a year-over-year basis. During the same period last year, the company 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. On average, research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Kimberly A. Fields sold 20,312 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $80.33, for a total value of $1,631,662.96. Following the transaction, the chief executive officer owned 244,975 shares in the company, valued at approximately $19,678,841.75. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman directly owned 306,538 shares of the company's stock, valued at $22,886,127.08. This trade represents a 14.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,153 shares of company stock valued at $7,199,308. Insiders own 1.10% of the company's stock.

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.

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