18,018 Shares in ATI Inc. $ATI Acquired by Strs Ohio

Key Points

• Strs Ohio has made a new investment in ATI Inc., acquiring 18,018 shares valued at approximately $937,000 during the first quarter.
• Insider selling was noted, with Chairman Robert S. Wetherbee selling 50,000 shares for about $3.73 million, while Director David J. Morehouse sold 7,900 shares for approximately $598,899.
• Analysts have mixed ratings for ATI, with several adjusting price targets; Deutsche Bank and Barclays set new price targets of $115.00 and $90.00 respectively, while the stock has a consensus rating of "Moderate Buy".

Strs Ohio bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,018 shares of the basic materials company's stock, valued at approximately $937,000.

Several other institutional investors have also recently made changes to their positions in ATI. WPG Advisers LLC purchased a new stake in ATI in the first quarter worth about $29,000. Golden State Wealth Management LLC lifted its position in shares of ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after purchasing an additional 304 shares during the period. Bessemer Group Inc. boosted its stake in shares of 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 purchasing an additional 386 shares in the last quarter. Olde Wealth Management LLC purchased a new position in ATI during the first quarter valued at approximately $36,000. Finally, Headlands Technologies LLC bought a new position in ATI in the first quarter worth approximately $47,000.

Insider Activity at ATI

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 sale, the director owned 44,777 shares in the company, valued at approximately $3,394,544.37. This represents a 15.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Kimberly A. Fields sold 15,941 shares of ATI stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $77.52, for a total transaction of $1,235,746.32. Following the completion of the sale, the chief executive officer directly owned 265,287 shares in the company, valued at $20,565,048.24. This represents a 5.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,841 shares of company stock worth $5,567,645. 1.10% of the stock is owned by corporate insiders.

ATI Stock Performance

Shares of NYSE ATI traded down $0.95 during mid-day trading on Monday, hitting $79.78. The stock had a trading volume of 1,099,864 shares, compared to its average volume of 1,672,595. The firm has a market cap of $11.00 billion, a PE ratio of 27.70, a PEG ratio of 1.10 and a beta of 1.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. The company has a 50 day moving average of $80.02 and a two-hundred day moving average of $71.65. 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 quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The business 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATI has been the topic of several recent research reports. BTIG Research reaffirmed a "buy" rating and set a $120.00 target price on shares of ATI in a research report on Friday, September 12th. Susquehanna dropped their price objective on ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a research report on Friday, August 1st. Barclays boosted their target price on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the company a "hold" rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price objective 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. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, ATI currently has an average rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Company 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.