81,496 Shares in ATI Inc. $ATI Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has acquired a new stake in ATI Inc., purchasing 81,496 shares valued at approximately $4.24 million, representing 0.06% of the company.
• Several large investors, including Invesco Ltd. and Northern Trust Corp, have also increased their stakes in ATI during the first quarter, indicating growing confidence in the company's performance.
• Equities research analysts have a consensus rating of "Moderate Buy" for ATI, with six analysts recommending a Buy and a current price target estimate of $93.29.

Jacobs Levy Equity Management Inc. purchased a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 81,496 shares of the basic materials company's stock, valued at approximately $4,240,000. Jacobs Levy Equity Management Inc. owned 0.06% of ATI as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ATI. Forest Avenue Capital Management LP acquired a new position in shares of ATI during the 1st quarter valued at $44,867,000. Woodline Partners LP increased its position in shares of ATI by 132.0% during the 4th 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 during the period. Senator Investment Group LP increased its position in shares of ATI by 68.7% during the 1st quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company's stock valued at $63,086,000 after purchasing an additional 493,944 shares during the period. Trexquant Investment LP acquired a new position in shares of ATI during the 1st quarter valued at $21,807,000. Finally, SG Capital Management LLC acquired a new position in shares of ATI during the 4th quarter valued at $18,443,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ATI. Zacks Research raised ATI to a "hold" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. raised their price objective on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a "hold" rating in a research note on Tuesday, July 8th. Barclays raised their price objective on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Citigroup raised ATI to a "positive" rating in a research note on Tuesday, May 20th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, ATI presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.29.

ATI Stock Up 0.5%

Shares of ATI stock traded up $0.35 during midday trading on Friday, hitting $76.33. The company's stock had a trading volume of 1,374,474 shares, compared to its average volume of 1,616,908. The firm has a market capitalization of $10.52 billion, a P/E ratio of 26.50, a PEG ratio of 1.04 and a beta of 1.27. The stock has a 50-day simple moving average of $81.12 and a 200-day simple moving average of $70.72. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20.

ATI (NYSE:ATI - Get Free Report) last issued 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 business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.ATI's revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm 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, sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Transactions at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the sale, the director directly owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,841 shares of company stock valued at $5,567,645 over the last quarter. Company insiders own 1.10% of the company's stock.

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.