Petrus Trust Company LTA Acquires Shares of 5,339 ATI Inc. $ATI

Key Points

• Petrus Trust Company LTA has invested approximately $278,000 in ATI Inc. by acquiring 5,339 shares of the company in the first quarter.
• Analysts are optimistic about ATI, with firms like JPMorgan Chase & Co. and Barclays raising their target prices, indicating a general sentiment of a "Moderate Buy" rating.
• Recent trades by insiders, including the chairman selling 50,000 shares, highlight ongoing insider activity, with a notable 12.30% decrease in the chairman's ownership.

Petrus Trust Company LTA acquired a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,339 shares of the basic materials company's stock, valued at approximately $278,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in ATI during the first quarter valued at $29,000. Golden State Wealth Management LLC lifted its position 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 valued at $31,000 after buying an additional 304 shares during the period. Bessemer Group Inc. lifted its position in ATI by 139.9% during the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after buying an additional 386 shares during the period. Olde Wealth Management LLC bought a new position in shares of ATI during the first quarter valued at $36,000. Finally, Headlands Technologies LLC bought a new position in shares of ATI during the first quarter valued at $47,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup upgraded ATI to a "positive" rating in a report on Tuesday, May 20th. Barclays raised their price target on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Susquehanna reduced their price target on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. BTIG Research restated a "buy" rating and set a $120.00 price target on shares of ATI in a report on Friday. Finally, JPMorgan Chase & Co. raised their price target on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Stock Performance

Shares of ATI stock traded up $0.35 during trading hours on Friday, reaching $76.33. 1,374,474 shares of the stock traded hands, compared to its average volume of 1,616,908. The company has a 50 day moving average price of $81.12 and a 200 day moving average price of $70.72. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 1.04 and a beta of 1.27. ATI Inc. has a one year low of $39.23 and a one year high of $96.20. 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. 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 expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Kimberly A. Fields sold 15,941 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $77.52, for a total value of $1,235,746.32. Following the transaction, the chief executive officer directly owned 265,287 shares of the company's stock, valued at approximately $20,565,048.24. The trade was a 5.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction that occurred 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 transaction, the chairman directly owned 306,538 shares in the company, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,841 shares of company stock valued at $5,567,645 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

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.