Dimensional Fund Advisors LP Raises Stock Position in ATI Inc. $ATI

Key Points

• Dimensional Fund Advisors LP increased its holdings in ATI Inc. by 2.3%, now owning 2,617,314 shares valued at approximately $136 million.
• Recent earnings show that ATI reported $0.74 EPS for the quarter, surpassing estimates by $0.02, with an annual revenue growth of 4.1%.
• Analysts are optimistic about ATI's future, with recent target price increases from Barclays and JPMorgan now setting targets at $90.00 and $92.00 respectively.

Dimensional Fund Advisors LP grew its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,617,314 shares of the basic materials company's stock after acquiring an additional 59,811 shares during the period. Dimensional Fund Advisors LP owned about 1.86% of ATI worth $136,164,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ATI. Woodline Partners LP raised its stake in ATI by 132.0% in the fourth quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company's stock worth $54,585,000 after buying an additional 564,308 shares in the last quarter. Cartenna Capital LP bought a new position in ATI in the fourth quarter worth about $24,369,000. SG Capital Management LLC bought a new position in ATI in the fourth quarter worth about $18,443,000. Neuberger Berman Group LLC raised its stake 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 buying an additional 296,634 shares in the last quarter. Finally, Northern Trust Corp raised its stake in ATI by 39.9% in the fourth quarter. Northern Trust Corp now owns 946,671 shares of the basic materials company's stock worth $52,105,000 after buying an additional 270,055 shares in the last quarter.

Insider Buying and Selling

In other news, Director David J. Morehouse sold 7,900 shares of the 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 sale, the director owned 44,777 shares in the company, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction that occurred 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 sale, the chairman owned 306,538 shares in the company, valued at approximately $22,886,127.08. The trade was a 14.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,900 shares of company stock worth $12,610,399. Corporate insiders own 1.10% of the company's stock.

ATI Stock Up 0.5%

Shares of NYSE:ATI traded up $0.39 during trading on Wednesday, reaching $76.87. 1,837,116 shares of the stock traded hands, compared to its average volume of 2,460,726. The stock has a 50-day moving average of $82.98 and a two-hundred day moving average of $69.15. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $96.20. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. The stock has a market cap of $10.59 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 1.04 and a beta of 1.20.

ATI (NYSE:ATI - Get Free Report) last posted 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 firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business's revenue for the quarter 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, sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the stock a "hold" rating in a research note on Tuesday, July 8th. Barclays upped their price objective on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Susquehanna cut their price objective on shares of ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a report on Friday, August 1st. Finally, 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 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.