United Services Automobile Association Purchases Shares of 9,025 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 acquired a new position in ATI Inc. (NYSE:ATI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,025 shares of the basic materials company's stock, valued at approximately $460,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATI. Mercer Global Advisors Inc. ADV boosted its stake in ATI by 111.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,523 shares of the basic materials company's stock worth $469,000 after purchasing an additional 4,490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ATI by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 955,270 shares of the basic materials company's stock valued at $52,578,000 after buying an additional 34,216 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of ATI by 39.6% during the 4th quarter. Point72 Asset Management L.P. now owns 797,814 shares of the basic materials company's stock valued at $43,912,000 after buying an additional 226,138 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of ATI during the 4th quarter valued at $768,000. Finally, SG Capital Management LLC acquired a new stake in shares of ATI during the 4th quarter valued at $18,443,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ATI shares. JPMorgan Chase & Co. raised their price target on shares of ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Zacks Research upgraded shares of ATI to a "hold" rating in a report on Tuesday, August 12th. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on shares of ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. Finally, Citigroup upgraded shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, ATI currently has an average rating of "Moderate Buy" and an average price target of $93.29.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were 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 $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kimberly A. Fields sold 15,941 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 265,287 shares in the company, valued at approximately $20,565,048.24. This trade represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,841 shares of company stock worth $5,567,645 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

ATI Price Performance

Shares of ATI stock traded up $0.97 during trading on Tuesday, hitting $78.42. 306,606 shares of the company's stock traded hands, compared to its average volume of 2,029,774. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20. The firm's fifty day moving average price is $80.92 and its 200 day moving average price is $70.85. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20. The company has a market cap of $10.81 billion, a PE ratio of 27.24, a PEG ratio of 1.04 and a beta of 1.27.

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 the consensus estimate 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 period in the previous year, the business earned $0.60 EPS. The firm'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. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current 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.