Price T Rowe Associates Inc. MD Sells 190,033 Shares of ATI Inc. $ATI

Key Points

• Price T Rowe Associates Inc. MD sold 190,033 shares of ATI Inc., reducing its stake by 16.8%, and now owns 938,929 shares valued at approximately $48.85 million.
• Insider trading activity includes Chairman Robert S. Wetherbee selling 50,000 shares valued at $3.73 million, and director David J. Morehouse selling 7,900 shares worth about $598,899.
• Analysts have set new target prices for ATI, with Barclays raising its target from $75 to $90, while BTIG Research set a target price of $120.

Price T Rowe Associates Inc. MD decreased its holdings in ATI Inc. (NYSE:ATI - Free Report) by 16.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 938,929 shares of the basic materials company's stock after selling 190,033 shares during the period. Price T Rowe Associates Inc. MD owned about 0.67% of ATI worth $48,854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATI. Woodline Partners LP raised its stake in 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 buying an additional 564,308 shares during the period. Senator Investment Group LP raised its stake in ATI by 68.7% in the first quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company's stock valued at $63,086,000 after buying an additional 493,944 shares during the period. SG Capital Management LLC bought a new stake in ATI in the fourth quarter valued at approximately $18,443,000. Northern Trust Corp raised its stake in ATI by 33.4% in the first quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company's stock valued at $65,701,000 after buying an additional 316,090 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in ATI by 35.5% in the first quarter. Neuberger Berman Group LLC now owns 1,132,296 shares of the basic materials company's stock valued at $58,913,000 after buying an additional 296,634 shares during the period.

Insiders Place Their Bets

In other ATI 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 sale, the chairman owned 306,538 shares of the company's stock, valued at approximately $22,886,127.08. This trade represents a 14.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction on Monday, August 4th. The shares were 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 in the company, valued at approximately $3,394,544.37. This represents a 15.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,900 shares of company stock worth $12,610,399. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ATI. Barclays increased their target price on ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Citigroup upgraded ATI to a "positive" rating in a research note on Tuesday, May 20th. BTIG Research set a $120.00 target price on ATI and gave the stock a "buy" rating in a research note on Monday, August 4th. Susquehanna lowered their target price 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, JPMorgan Chase & Co. increased their target price on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $93.29.

ATI Trading Up 4.5%

Shares of ATI stock opened at $76.49 on Wednesday. The stock's fifty day moving average price is $83.09 and its two-hundred day moving average price is $69.09. The company has a market cap of $10.54 billion, a PE ratio of 26.56, a P/E/G ratio of 1.00 and a beta of 1.20. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 21.34% and a net margin of 9.26%.The company's revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business 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. Equities analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

About ATI

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.

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