Farmers & Merchants Investments Inc. Has $4.13 Million Stake in ATI Inc. $ATI

Key Points

• Farmers & Merchants Investments Inc. reduced its stake in ATI Inc. by 12.8%, now holding 47,809 shares valued at approximately $4.13 million.
• Analysts have increased their price targets for ATI, with Barclays setting a new target at $90.00 and BTIG Research at $120.00.
• Insider transactions have seen significant sales, with CEO Kimberly A. Fields and Chairman Robert S. Wetherbee reducing their holdings by 5.67% and 14.02%, respectively.

Farmers & Merchants Investments Inc. trimmed its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,809 shares of the basic materials company's stock after selling 7,013 shares during the period. Farmers & Merchants Investments Inc.'s holdings in ATI were worth $4,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its holdings in ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company's stock worth $33,000 after buying an additional 171 shares during the last quarter. WPG Advisers LLC acquired a new position in ATI during the first quarter worth $29,000. Golden State Wealth Management LLC increased its holdings in ATI by 104.1% during the first 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. increased its holdings in ATI by 139.9% during the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after buying an additional 386 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in ATI during the first quarter worth $36,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. BTIG Research reiterated a "buy" rating and issued a $120.00 price objective on shares of ATI in a report on Friday, September 12th. Zacks Research upgraded shares of ATI to a "hold" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Susquehanna decreased 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. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.29.

ATI Trading Down 1.2%

ATI opened at $79.78 on Tuesday. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20. The company has a 50-day simple moving average of $80.02 and a 200 day simple moving average of $71.65. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.10 and a beta of 1.27.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data 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. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. ATI'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. Analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at ATI

In other news, CEO Kimberly A. Fields sold 15,941 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $77.52, for a total value of $1,235,746.32. Following the completion of the transaction, the chief executive officer owned 265,287 shares of the company's stock, valued at approximately $20,565,048.24. This represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the completion of the transaction, the chairman directly owned 306,538 shares of the company's stock, valued at $22,886,127.08. This trade represents a 14.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,841 shares of company stock valued at $5,567,645. 1.10% of the stock is currently owned by insiders.

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.

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