Financiere des Professionnels Fonds d investissement inc. Invests $435,000 in ATI Inc. $ATI

Key Points

• Financiere des Professionnels Fonds d'investissement inc. acquired a new stake in ATI Inc., buying 5,036 shares valued at approximately $435,000 in the 2nd quarter.
• Insider selling activity has been notable, with Chairman Robert S. Wetherbee selling 50,000 shares for over $3.7 million, and CEO Kimberly A. Fields selling over 15,941 shares for more than $1.2 million.
• Analysts have a consensus rating of "Moderate Buy" for ATI, with an average price target of approximately $93.29 following recent upgrades from various investment firms.

Financiere des Professionnels Fonds d investissement inc. bought a new position in ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,036 shares of the basic materials company's stock, valued at approximately $435,000.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of ATI by 3.3% in the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company's stock worth $252,368,000 after acquiring an additional 153,939 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ATI by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company's stock worth $136,164,000 after acquiring an additional 59,811 shares in the last quarter. American Century Companies Inc. grew its stake in shares of ATI by 4.5% in the 1st quarter. American Century Companies Inc. now owns 1,422,116 shares of the basic materials company's stock worth $73,993,000 after acquiring an additional 60,651 shares in the last quarter. Bowen Hanes & Co. Inc. grew its stake in shares of ATI by 0.3% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 1,371,335 shares of the basic materials company's stock worth $71,351,000 after acquiring an additional 4,420 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of ATI by 33.4% in the 1st quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company's stock worth $65,701,000 after acquiring an additional 316,090 shares in the last quarter.

ATI Trading Up 0.3%

NYSE:ATI traded up $0.20 during trading hours on Friday, hitting $80.68. The company had a trading volume of 3,266,536 shares, compared to its average volume of 1,597,109. The company has a market capitalization of $11.12 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27. The stock has a 50-day moving average price of $80.24 and a 200 day moving average price of $71.38. 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 current ratio of 2.52 and a quick ratio of 1.20.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous 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. On average, equities research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ATI shares. Zacks Research upgraded shares of ATI to a "hold" rating in a research report on Tuesday, August 12th. Susquehanna reduced their price target on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the company a "hold" rating in a research report on Tuesday, July 8th. Barclays increased their price target on shares of ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $93.29.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 15,941 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $77.52, for a total transaction 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 trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the transaction, the director directly owned 44,777 shares of the company's stock, valued at $3,394,544.37. This represents a 15.00% 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 company 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.