Sheets Smith Wealth Management Acquires New Position in ATI Inc. $ATI

Key Points

• Sheets Smith Wealth Management acquired a new stake in ATI Inc., purchasing 6,526 shares valued at approximately $563,000 in the second quarter.
• ATI's stock opened at $77.15 and experienced a 1.2% decline recently; the company reported Q2 earnings of $0.74 EPS, surpassing analyst expectations.
• Insider activity showed significant sales, with CEO Kimberly A. Fields selling 20,312 shares valued at around $1.6 million, decreasing her position by 7.66%.

Sheets Smith Wealth Management acquired a new stake in ATI Inc. (NYSE:ATI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,526 shares of the basic materials company's stock, valued at approximately $563,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in ATI by 3.3% in the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company's stock valued at $252,368,000 after buying an additional 153,939 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of ATI by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company's stock valued at $136,164,000 after acquiring an additional 59,811 shares in the last quarter. American Century Companies Inc. increased its holdings in ATI by 4.5% during the 1st quarter. American Century Companies Inc. now owns 1,422,116 shares of the basic materials company's stock worth $73,993,000 after purchasing an additional 60,651 shares during the period. Bowen Hanes & Co. Inc. increased its holdings in ATI by 0.3% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 1,371,335 shares of the basic materials company's stock worth $71,351,000 after purchasing an additional 4,420 shares during the period. Finally, Northern Trust Corp increased its holdings in ATI by 33.4% during the 1st quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company's stock worth $65,701,000 after purchasing an additional 316,090 shares during the period.

ATI Stock Down 1.2%

ATI stock opened at $77.15 on Thursday. 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's 50 day moving average is $79.53 and its two-hundred day moving average is $71.73. The stock has a market cap of $10.63 billion, a P/E ratio of 26.79, a PEG ratio of 1.07 and a beta of 1.27. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20.

ATI (NYSE:ATI - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.60 EPS. The company'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. Research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kimberly A. Fields sold 20,312 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $80.33, for a total value of $1,631,662.96. Following the completion of the sale, the chief executive officer directly owned 244,975 shares of the company's stock, valued at approximately $19,678,841.75. The trade was a 7.66% 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 ATI 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 transaction, the chairman directly owned 306,538 shares in the company, valued at approximately $22,886,127.08. This trade represents a 14.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 94,153 shares of company stock valued at $7,199,308. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. BTIG Research reiterated a "buy" rating and issued a $120.00 price target on shares of ATI in a research note on Friday, September 12th. JPMorgan Chase & Co. lifted their price target on shares of ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Zacks Research upgraded shares of ATI to a "hold" rating in a report on Tuesday, August 12th. Finally, Barclays increased their target price on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, ATI has a consensus rating of "Moderate Buy" and a consensus 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.

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