Petrus Trust Company LTA Purchases New Shares in 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 ATI Inc. (NYSE:ATI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,339 shares of the basic materials company's stock, valued at approximately $278,000.

Several other hedge funds have also recently bought and sold shares of ATI. WPG Advisers LLC bought a new stake in shares of ATI during the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC increased its holdings in shares of ATI by 104.1% during the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after buying an additional 304 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of ATI by 139.9% during the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 386 shares in the last quarter. Olde Wealth Management LLC bought a new stake in ATI during the 1st quarter worth $36,000. Finally, Headlands Technologies LLC acquired a new position in ATI in the 1st quarter worth about $47,000.

ATI Price Performance

ATI traded down $0.34 during trading on Thursday, reaching $76.05. 1,531,458 shares of the company were exchanged, compared to its average volume of 1,650,864. The company's 50-day moving average is $81.33 and its two-hundred day moving average is $70.39. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 1.04 and a beta of 1.27. 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 12-month low of $39.23 and a 12-month high of $96.20.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 21.34% and a net margin of 9.26%.The firm's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

ATI has been the topic of several research reports. Citigroup upgraded ATI to a "positive" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their target price on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. BTIG Research set a $120.00 price objective on ATI and gave the stock a "buy" rating in a research note on Monday, August 4th. Susquehanna cut their price objective on ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a research note on Friday, August 1st. Finally, KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.29.

Insiders Place Their Bets

In other ATI news, Director David J. Morehouse sold 7,900 shares of the company's stock in a transaction that occurred 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 owned 44,777 shares of the company's stock, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total value of $3,733,000.00. Following the sale, the chairman owned 306,538 shares of the company's stock, valued at $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 sold a total of 73,841 shares of company stock valued at $5,567,645 over the last quarter. 1.10% of the stock is owned by corporate 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.