UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $34.25 Million Stake in ATI Inc. $ATI

Key Points

• UBS Asset Management increased its stake in ATI Inc. by 10.2%, acquiring 61,021 additional shares, which now totals 658,195 shares valued at approximately $34.25 million.
• CEO Kimberly A. Fields sold 15,941 shares of ATI stock for over $1.23 million, resulting in a 5.67% decrease in her ownership, while other insiders sold a total of 73,841 shares recently.
• Wall Street analysts have given ATI a Moderate Buy rating with an average target price of $93.29, and multiple ratings upgrades have been issued in recent months.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 658,195 shares of the basic materials company's stock after acquiring an additional 61,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.47% of ATI worth $34,246,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Forest Avenue Capital Management LP purchased a new position in shares of ATI in the 1st quarter worth about $44,867,000. Woodline Partners LP increased its holdings 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 in the last quarter. Senator Investment Group LP boosted its holdings in ATI by 68.7% in the 1st quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company's stock valued at $63,086,000 after purchasing an additional 493,944 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of ATI in the 1st quarter valued at $21,807,000. 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 valued at $65,701,000 after acquiring an additional 316,090 shares in the last quarter.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the 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 directly owned 306,538 shares of the company's stock, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kimberly A. Fields sold 15,941 shares of ATI stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $77.52, for a total value of $1,235,746.32. Following the sale, the chief executive officer directly owned 265,287 shares in the company, valued at $20,565,048.24. This trade represents a 5.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,841 shares of company stock worth $5,567,645. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATI. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. Zacks Research upgraded ATI to a "hold" rating in a report on Tuesday, August 12th. BTIG Research restated a "buy" rating and set a $120.00 target price on shares of ATI in a report on Friday, September 12th. JPMorgan Chase & Co. raised their price target on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Susquehanna dropped 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. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, ATI has an average rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Price Performance

Shares of NYSE:ATI traded up $0.20 during midday trading on Friday, reaching $80.68. 3,266,536 shares of the company's stock were exchanged, compared to its average volume of 1,597,109. 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 firm has a market capitalization of $11.12 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $96.20. The company's 50 day simple moving average is $80.24 and its two-hundred day simple moving average is $71.29.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, topping 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 business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter 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. Equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.