Ethic Inc. Sells 10,575 Shares of ATI Inc. $ATI

Key Points

• Ethic Inc. reduced its holdings in ATI Inc. by 29.2%, selling 10,575 shares and bringing its total to 25,637 shares, valued at $1,349,000.
• Brokerages have varied opinions on ATI, with several maintaining or upgrading ratings, resulting in a consensus rating of "Moderate Buy" and a target price of $93.29.
• Insider transactions are notable, with Chairman Robert S. Wetherbee selling 50,000 shares for approximately $3.73 million, indicating a decrease in his ownership stake.

Ethic Inc. lowered its position in ATI Inc. (NYSE:ATI - Free Report) by 29.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,637 shares of the basic materials company's stock after selling 10,575 shares during the period. Ethic Inc.'s holdings in ATI were worth $1,349,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ATI. Capital World Investors increased its position in shares of ATI by 100.5% in the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock valued at $378,432,000 after buying an additional 3,446,919 shares in the last quarter. Dendur Capital LP increased its position in shares of ATI by 601.7% in the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock valued at $196,328,000 after buying an additional 3,058,628 shares in the last quarter. Anomaly Capital Management LP bought a new stake in shares of ATI in the 4th quarter valued at $34,999,000. Woodline Partners LP increased its position in shares of ATI by 132.0% in the 4th 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. Finally, Cartenna Capital LP bought a new position in ATI during the 4th quarter worth about $24,369,000.

Insider Transactions at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $83.93, for a total transaction of $4,196,500.00. Following the completion of the transaction, the chairman owned 356,538 shares in the company, valued at approximately $29,924,234.34. This trade represents a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the transaction, the director 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 quarter. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ATI. JPMorgan Chase & Co. increased their target price on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays increased their target price on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a 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 report on Tuesday, July 8th. Susquehanna lowered their target price on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. Finally, KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $93.29.

ATI Stock Up 2.6%

Shares of NYSE ATI traded up $1.8820 during mid-day trading on Friday, hitting $73.6820. The company had a trading volume of 1,756,799 shares, compared to its average volume of 2,386,249. ATI Inc. has a one year low of $39.23 and a one year high of $96.20. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $10.16 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The firm has a 50-day simple moving average of $83.49 and a two-hundred day simple moving average of $68.93.

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, topping analysts' consensus estimates of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the company posted $0.60 earnings per share. ATI'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. On average, equities analysts expect that ATI Inc. will post 2.89 EPS for the current year.

ATI Company 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.