United Services Automobile Association Takes $460,000 Position in ATI Inc. $ATI

Key Points

• United Services Automobile Association acquired a new stake in ATI Inc. by purchasing 9,025 shares valued at approximately $460,000 during the 1st quarter.
• Several institutional investors, including Goldman Sachs, significantly increased their stakes in ATI, demonstrating growing interest in the company's stock.
• ATI's stock has received multiple positive analyst ratings, with price targets raised to between $90.00 and $120.00, reflecting a consensus rating of "Moderate Buy."

United Services Automobile Association purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,025 shares of the basic materials company's stock, valued at approximately $460,000.

A number of other hedge funds have also added to or reduced their stakes in ATI. Goldman Sachs Group Inc. lifted its holdings in shares of ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock valued at $32,984,000 after purchasing an additional 209,480 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in ATI in the 1st quarter valued at $324,000. Teza Capital Management LLC purchased a new stake in ATI in the 1st quarter valued at $420,000. Petrus Trust Company LTA bought a new position in ATI during the 1st quarter valued at $278,000. Finally, PharVision Advisers LLC purchased a new position in ATI during the 1st quarter worth $289,000.

Analysts Set New Price Targets

Several analysts have recently commented on ATI shares. JPMorgan Chase & Co. increased their target price on shares of ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. BTIG Research reaffirmed a "buy" rating and issued a $120.00 price objective on shares of ATI in a research report on Friday. Barclays lifted their target price on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Finally, Zacks Research raised ATI to a "hold" rating in a research report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Stock Performance

Shares of ATI stock traded up $0.35 during trading hours on Friday, hitting $76.33. 1,374,474 shares of the company were exchanged, compared to its average volume of 1,645,027. 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 stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 1.04 and a beta of 1.27. The firm has a fifty day simple moving average of $81.12 and a 200 day simple moving average of $70.62. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $96.20.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data 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. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.60 earnings per share. ATI's revenue was up 4.1% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Insider Transactions at ATI

In related news, CEO Kimberly A. Fields sold 15,941 shares of ATI stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $77.52, for a total value of $1,235,746.32. Following the completion of the sale, the chief executive officer owned 265,287 shares of the company's stock, valued at approximately $20,565,048.24. This trade represents a 5.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,841 shares of company stock worth $5,567,645. 1.10% of the stock is owned by company insiders.

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.