Banco Bilbao Vizcaya Argentaria S.A. Buys Shares of 4,433 ATI Inc. $ATI

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has acquired a new stake in ATI Inc., purchasing 4,433 shares valued at approximately $224,000.
• ATI's Chairman, Robert S. Wetherbee, sold 50,000 shares for about $3.7 million, reducing his ownership by 14.02%.
• Wall Street analysts have mixed views on ATI, with six giving it a "Buy" rating and a consensus target price of $93.29.

Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,433 shares of the basic materials company's stock, valued at approximately $224,000.

A number of other institutional investors also recently modified their holdings of ATI. Barclays PLC boosted its position in shares of ATI by 12.2% in the fourth quarter. Barclays PLC now owns 58,959 shares of the basic materials company's stock valued at $3,245,000 after acquiring an additional 6,418 shares during the period. Stifel Financial Corp boosted its position in shares of ATI by 4.7% in the fourth quarter. Stifel Financial Corp now owns 23,709 shares of the basic materials company's stock valued at $1,305,000 after acquiring an additional 1,075 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of ATI by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,128,962 shares of the basic materials company's stock valued at $62,139,000 after acquiring an additional 5,663 shares during the period. Syon Capital LLC bought a new stake in shares of ATI in the fourth quarter valued at about $232,000. Finally, Voya Investment Management LLC boosted its position in shares of ATI by 22.6% in the fourth quarter. Voya Investment Management LLC now owns 58,191 shares of the basic materials company's stock valued at $3,203,000 after acquiring an additional 10,735 shares during the period.

Wall Street Analyst Weigh In

ATI has been the subject of several recent analyst reports. BTIG Research set a $120.00 price objective on shares of ATI and gave the stock a "buy" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on shares of ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Zacks Research raised shares of ATI to a "hold" rating in a research report on Tuesday, August 12th. Finally, Susquehanna cut their price objective on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, August 1st. Six research 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 company has an average rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Price Performance

NYSE ATI traded up $1.68 during trading on Thursday, hitting $78.44. 1,369,803 shares of the company's stock were exchanged, compared to its average volume of 2,063,295. 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 company has a market cap of $10.81 billion, a PE ratio of 27.24, a P/E/G ratio of 1.04 and a beta of 1.20. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The stock's 50 day moving average price is $82.98 and its two-hundred day moving average price is $69.15.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm's revenue 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. Research analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $83.93, for a total value of $4,196,500.00. Following the completion of the transaction, the chairman owned 356,538 shares of the company's stock, valued at $29,924,234.34. This represents a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the transaction, the director directly owned 44,777 shares of the company's stock, valued at $3,394,544.37. This represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 157,900 shares of company stock valued at $12,610,399 in the last ninety days. 1.10% of the stock is currently owned by 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.