LPL Financial LLC Acquires 8,876 Shares of ATI Inc. $ATI

Key Points

• LPL Financial LLC increased its holdings in ATI Inc. by 18.5% during the 1st quarter, owning 56,808 shares valued at approximately $2.96 million.
• Various hedge funds have also adjusted their positions in ATI, including Bessemer Group Inc., which raised its holdings by 139.9%.
• ATI reported earnings per share (EPS) of $0.74 for the last quarter, surpassing analysts' expectations of $0.72, with year-over-year revenue growth of 4.1%.

LPL Financial LLC raised its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,808 shares of the basic materials company's stock after buying an additional 8,876 shares during the period. LPL Financial LLC's holdings in ATI were worth $2,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ATI by 66.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,395 shares of the basic materials company's stock worth $2,726,000 after buying an additional 20,850 shares in the last quarter. Royce & Associates LP raised its stake in shares of ATI by 9.0% in the first quarter. Royce & Associates LP now owns 271,222 shares of the basic materials company's stock worth $14,112,000 after acquiring an additional 22,320 shares during the last quarter. 1492 Capital Management LLC raised its stake in shares of ATI by 104.4% in the first quarter. 1492 Capital Management LLC now owns 51,032 shares of the basic materials company's stock worth $2,655,000 after acquiring an additional 26,065 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of ATI by 3.8% in the first quarter. KLP Kapitalforvaltning AS now owns 27,600 shares of the basic materials company's stock worth $1,436,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Pier 88 Investment Partners LLC increased its holdings in shares of ATI by 59.9% in the first quarter. Pier 88 Investment Partners LLC now owns 12,182 shares of the basic materials company's stock valued at $634,000 after purchasing an additional 4,562 shares in the last quarter.

ATI Trading Down 0.8%

Shares of ATI stock traded down $0.60 on Tuesday, hitting $71.96. The stock had a trading volume of 2,004,989 shares, compared to its average volume of 2,082,939. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20. The firm has a market cap of $9.92 billion, a P/E ratio of 24.99, a PEG ratio of 0.99 and a beta of 1.20. 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 fifty day moving average price of $84.42 and a two-hundred day moving average price of $68.70.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The firm's 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. As a group, analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $83.93, for a total value of $4,196,500.00. Following the completion of the transaction, the chairman owned 356,538 shares of the company's stock, valued at $29,924,234.34. The trade was a 12.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of the sale, the director directly owned 44,777 shares in the company, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,900 shares of company stock valued at $12,610,399 in the last three months. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATI shares. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. Susquehanna lowered their price target on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. Zacks Research raised shares of ATI to a "hold" rating in a report on Tuesday, August 12th. Barclays raised their price target on shares of ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, BTIG Research set a $120.00 target price on shares of ATI and gave the stock a "buy" rating in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, ATI currently has an average rating of "Moderate Buy" and an average price target of $93.29.

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.