BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 91,619 Shares of ATI Inc. $ATI

Key Points

• British Columbia Investment Management Corp boosted its stake in ATI Inc. by 34.3%, acquiring an additional 91,619 shares during the first quarter, bringing its total to 358,992 shares, valued at approximately $18.7 million.
• ATI reported a Q2 earnings per share (EPS) of $0.74, exceeding analyst estimates by $0.02, with a net margin of 9.26% and a year-over-year revenue increase of 4.1%.
• An analysis by Barclays raised its target price for ATI shares from $75 to $90, supporting a growing consensus of an overall "Moderate Buy" rating from several analysts.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 34.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 358,992 shares of the basic materials company's stock after acquiring an additional 91,619 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.25% of ATI worth $18,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. increased its holdings in ATI by 3.3% during the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company's stock worth $252,368,000 after acquiring an additional 153,939 shares during the period. Ameriprise Financial Inc. increased its holdings in ATI by 0.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,155,477 shares of the basic materials company's stock worth $173,677,000 after acquiring an additional 12,528 shares during the period. Dimensional Fund Advisors LP increased its holdings in ATI by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company's stock worth $136,164,000 after acquiring an additional 59,811 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in ATI by 14.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,463,613 shares of the basic materials company's stock worth $80,557,000 after acquiring an additional 181,272 shares during the period. Finally, American Century Companies Inc. lifted its position in ATI by 4.5% during the first quarter. American Century Companies Inc. now owns 1,422,116 shares of the basic materials company's stock valued at $73,993,000 after purchasing an additional 60,651 shares during the last quarter.

ATI Stock Up 2.6%

Shares of NYSE ATI opened at $73.6820 on Friday. ATI Inc. has a one year low of $39.23 and a one year high of $96.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20. The firm's 50 day simple moving average is $83.49 and its two-hundred day simple moving average is $68.93. The stock has a market capitalization of $10.16 billion, a P/E ratio of 25.58, a PEG ratio of 1.01 and a beta of 1.20.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating 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 business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the business earned $0.60 earnings per share. The business's quarterly revenue 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.

Insider Activity at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the sale, the director owned 44,777 shares in the company, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the business'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 value of $3,733,000.00. Following the completion of the sale, the chairman owned 306,538 shares of the company's stock, 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 sold 157,900 shares of company stock valued at $12,610,399 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ATI shares. Barclays lifted their target price on shares of ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Zacks Research upgraded shares of ATI to a "hold" rating in a research report on Tuesday, August 12th. Citigroup upgraded shares of ATI to a "positive" rating in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of ATI and gave the company a "hold" rating in a research report on Tuesday, July 8th. Finally, 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. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently 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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