Credit Agricole S A Has $1.78 Million Position in ATI Inc. $ATI

Key Points

• Credit Agricole S A increased its stake in ATI Inc. by 114.6%, acquiring an additional 18,258 shares, bringing its total holdings to 34,186 shares worth approximately $1,779,000.
• JPMorgan Chase & Co. raised ATI's price target from $75.00 to $92.00 and rated the stock as "overweight," indicating positive sentiment among analysts.
• Insider transactions revealed significant share sales, including 50,000 shares sold by Chairman Robert S. Wetherbee, which decreased his ownership by 12.30%.

Credit Agricole S A increased its position in ATI Inc. (NYSE:ATI - Free Report) by 114.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,186 shares of the basic materials company's stock after purchasing an additional 18,258 shares during the quarter. Credit Agricole S A's holdings in ATI were worth $1,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP increased its stake in shares of ATI by 132.0% in the fourth quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company's stock valued at $54,585,000 after buying an additional 564,308 shares in the last quarter. Senator Investment Group LP increased its position in ATI by 68.7% in the first quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company's stock worth $63,086,000 after purchasing an additional 493,944 shares during the period. SG Capital Management LLC acquired a new stake in ATI in the fourth quarter worth about $18,443,000. Northern Trust Corp increased its position in ATI by 33.4% in the first quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company's stock worth $65,701,000 after purchasing an additional 316,090 shares during the period. Finally, Neuberger Berman Group LLC increased its position in ATI by 35.5% in the first quarter. Neuberger Berman Group LLC now owns 1,132,296 shares of the basic materials company's stock worth $58,913,000 after purchasing an additional 296,634 shares during the period.

ATI Stock Up 2.2%

NYSE ATI traded up $1.68 during trading on Thursday, hitting $78.44. The stock had a trading volume of 1,369,803 shares, compared to its average volume of 2,063,295. The company has a market capitalization of $10.81 billion, a PE ratio of 27.24, a P/E/G ratio of 1.04 and a beta of 1.20. The company's 50-day moving average price is $82.98 and its two-hundred day moving average price is $69.15. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $96.20.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 EPS for the current year.

Insider Buying and Selling

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction 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 transaction, the chairman directly owned 356,538 shares of the company's stock, valued at $29,924,234.34. This represents a 12.30% decrease in their position. The sale 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 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 sale, the director owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,900 shares of company stock worth $12,610,399 over the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ATI. Zacks Research upgraded ATI to a "hold" rating in a research report on Tuesday, August 12th. Barclays boosted their target price on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Citigroup upgraded ATI to a "positive" rating in a research report on Tuesday, May 20th. Finally, BTIG Research set a $120.00 target price on ATI and gave the stock a "buy" rating in a research report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, ATI currently has a consensus rating of "Moderate Buy" and an average target price of $93.29.

ATI 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.