Blair William & Co. IL Buys New Shares in ATI Inc. $ATI

Key Points

• Blair William & Co. IL has acquired a new stake of 3,587 shares in ATI Inc., valued at approximately $310,000.
• Recent activity indicates a positive trend with institutional investors, such as the Maryland State Retirement & Pension System, increasing their holdings in ATI by 17.9%.
• ATI's quarterly earnings showed a 4.1% year-over-year revenue increase, reporting earnings per share of $0.74, surpassing analysts' estimates.

Blair William & Co. IL bought a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,587 shares of the basic materials company's stock, valued at approximately $310,000.

Other large investors have also recently bought and sold shares of the company. Maryland State Retirement & Pension System raised its stake in shares of ATI by 17.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,798 shares of the basic materials company's stock valued at $587,000 after buying an additional 1,032 shares in the last quarter. Friedenthal Financial acquired a new position in shares of ATI in the 2nd quarter valued at $907,000. KLP Kapitalforvaltning AS raised its stake in shares of ATI by 5.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 29,000 shares of the basic materials company's stock valued at $2,504,000 after buying an additional 1,400 shares in the last quarter. Motiv8 Investments LLC acquired a new position in shares of ATI in the 2nd quarter valued at $220,000. Finally, OLD National Bancorp IN acquired a new position in shares of ATI in the 2nd quarter valued at $217,000.

ATI Stock Performance

Shares of NYSE:ATI opened at $80.24 on Friday. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.20 and a beta of 1.29. The firm's 50 day simple moving average is $78.15 and its 200 day simple moving average is $75.39. 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 fifty-two week low of $39.23 and a fifty-two week 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 analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. ATI's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last 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, sell-side analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total value of $3,733,000.00. Following the sale, the chairman directly owned 306,538 shares in the company, valued at $22,886,127.08. This trade represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of the sale, the director owned 44,777 shares in the company, valued at $3,394,544.37. This trade represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,460 shares of company stock worth $10,750,979. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ATI. JPMorgan Chase & Co. increased their price objective on shares of ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Zacks Research upgraded shares of ATI to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings reiterated a "buy (b-)" rating on shares of ATI in a research report on Wednesday, October 8th. 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 research report on Friday, August 1st. Finally, BTIG Research reiterated a "buy" rating and set a $120.00 target price on shares of ATI in a research report on Friday, September 12th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.86.

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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