ATI Inc. $ATI Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly reduced its stake in ATI Inc. by selling 118,938 shares, resulting in a 93% decrease in holdings during the 1st quarter, leaving them with 8,885 shares valued at approximately $462,000.
• In recent trading, ATI Inc. shares opened at $76.87, with a market capitalization of $10.59 billion and a PE ratio of 26.69.
• Insiders sold a total of 157,900 shares of ATI stock, which amounted to $12.61 million, reflecting their decreasing ownership in the company.

Deutsche Bank AG trimmed its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 93.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,885 shares of the basic materials company's stock after selling 118,938 shares during the period. Deutsche Bank AG's holdings in ATI were worth $462,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ATI. Golden State Wealth Management LLC lifted its stake in shares of ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 304 shares during the period. Bessemer Group Inc. lifted its stake in shares of ATI by 139.9% in the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 386 shares during the period. Olde Wealth Management LLC acquired a new position in shares of ATI in the 1st quarter valued at $36,000. Fifth Third Bancorp lifted its stake in shares of ATI by 115.7% in the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 603 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of ATI by 418.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 1,062 shares during the period.

Insiders Place Their Bets

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction 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 completion of the sale, the chairman owned 306,538 shares of the company's stock, valued at $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $75.81, for a total transaction of $598,899.00. Following the sale, the director directly owned 44,777 shares of the company's stock, valued at $3,394,544.37. The trade was a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,900 shares of company stock valued at $12,610,399 in the last ninety days. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Susquehanna decreased their target price on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research note on Friday, August 1st. BTIG Research set a $120.00 target price on shares of ATI and gave the company a "buy" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Citigroup raised shares of ATI to a "positive" rating in a report on Tuesday, May 20th. 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 currently has a consensus rating of "Moderate Buy" and an average price target of $93.29.

ATI Price Performance

NYSE ATI traded down $0.93 on Monday, hitting $77.54. The company had a trading volume of 2,165,264 shares, compared to its average volume of 1,960,537. The company has a market capitalization of $10.69 billion, a PE ratio of 26.92, a PEG ratio of 1.06 and a beta of 1.27. The company's fifty day moving average price is $82.81 and its 200-day moving average price is $69.48. 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 12-month low of $39.23 and a 12-month high of $96.20.

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, topping the consensus estimate of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. 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. As a group, analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

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.