DRW Securities LLC Acquires New Position in ATI Inc. $ATI

Key Points

• DRW Securities LLC has acquired a new stake in ATI Inc., purchasing 13,100 shares valued at approximately $682,000 in the first quarter.
• Insiders at ATI have recently sold a significant amount of shares, including Director David J. Morehouse selling 7,900 shares and Chairman Robert S. Wetherbee selling 50,000 shares, indicating potential shifts in confidence.
• ATI's stock has a current consensus rating of "Moderate Buy", with analysts predicting earnings per share of $2.89 for the current fiscal year and a target price averaging $93.29.

DRW Securities LLC acquired a new stake in ATI Inc. (NYSE:ATI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,100 shares of the basic materials company's stock, valued at approximately $682,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of ATI in the first quarter valued at $29,000. Golden State Wealth Management LLC boosted its stake in ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after buying an additional 304 shares during the last quarter. Bessemer Group Inc. grew its holdings in 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 buying an additional 386 shares during the period. Olde Wealth Management LLC acquired a new position in shares of ATI during the 1st quarter valued at about $36,000. Finally, Headlands Technologies LLC acquired a new position in ATI during the first quarter worth approximately $47,000.

ATI Stock Up 0.9%

ATI traded up $0.65 on Thursday, reaching $77.16. The company's stock had a trading volume of 1,359,747 shares, compared to its average volume of 2,056,500. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.27. ATI Inc. has a 1 year low of $39.23 and a 1 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 business's 50 day moving average is $82.45 and its 200 day moving average is $69.70.

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. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.ATI's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. 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, research analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the stock in a transaction that occurred 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 transaction, the director owned 44,777 shares of the company's stock, valued at $3,394,544.37. This trade represents a 15.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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. This trade represents a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,900 shares of company stock worth $8,528,399. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ATI shares. Barclays lifted their target price on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Citigroup upgraded ATI to a "positive" rating in a report on Tuesday, May 20th. Zacks Research upgraded ATI to a "hold" rating in a report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.