Intech Investment Management LLC Has $3.04 Million Position in ATI Inc. $ATI

Key Points

• Intech Investment Management LLC significantly increased its stake in ATI Inc. by 104.3% during the first quarter, holding 58,458 shares valued at approximately $3.04 million.
• Several large investors have also made significant moves in ATI, with Forest Avenue Capital Management LP investing about $44.87 million and Woodline Partners LP increasing its position by 132.0%.
• Analysts show a generally positive outlook for ATI, with a consensus price target of $93.29 and multiple firms rating it as a "buy," indicating potential for growth in the company's stock value.

Intech Investment Management LLC grew its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 104.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 58,458 shares of the basic materials company's stock after acquiring an additional 29,838 shares during the period. Intech Investment Management LLC's holdings in ATI were worth $3,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ATI. Tema Etfs LLC acquired a new stake in shares of ATI during the 4th quarter valued at $4,272,000. Woodline Partners LP lifted its holdings in shares of ATI by 132.0% in the fourth quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company's stock valued at $54,585,000 after purchasing an additional 564,308 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of ATI in the fourth quarter valued at $252,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ATI by 2.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 597,174 shares of the basic materials company's stock valued at $32,868,000 after purchasing an additional 16,980 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in shares of ATI by 1.3% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 51,169 shares of the basic materials company's stock valued at $2,816,000 after purchasing an additional 680 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ATI. BTIG Research restated a "buy" rating and issued a $120.00 target price on shares of ATI in a report on Friday, September 12th. Susquehanna reduced 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. Barclays increased 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. Zacks Research upgraded ATI to a "hold" rating in a report on Tuesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 target price on ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.29.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 15,941 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $77.52, for a total transaction of $1,235,746.32. Following the transaction, the chief executive officer directly owned 265,287 shares of the company's stock, valued at $20,565,048.24. This represents a 5.67% 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 on 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 transaction, the chairman directly owned 306,538 shares in the company, valued at $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,841 shares of company stock valued at $5,567,645 over the last three months. 1.10% of the stock is currently owned by insiders.

ATI Stock Up 0.3%

Shares of NYSE:ATI traded up $0.20 during midday trading on Friday, hitting $80.68. 3,266,536 shares of the stock were exchanged, compared to its average volume of 1,597,109. 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 company has a market capitalization of $11.12 billion, a PE ratio of 28.02, a P/E/G ratio of 1.10 and a beta of 1.27. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $96.20. The business's fifty day simple moving average is $80.24 and its two-hundred day simple moving average is $71.29.

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

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.