Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 33,158 ATI Inc. (NYSE:ATI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake of 33,158 shares in ATI Inc., valued at approximately $1,725,000, during the first quarter of 2023.
• Wall Street analysts have mixed ratings on ATI, with a consensus average rating of "Moderate Buy" and target prices ranging from $81.00 to $115.00.
• ATI recently reported earnings of $0.74 per share, surpassing estimates, while its revenue for the quarter was $1.14 billion, marking a 4.1% year-over-year increase.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,158 shares of the basic materials company's stock, valued at approximately $1,725,000.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in ATI by 104.1% in the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after buying an additional 304 shares during the last quarter. Bessemer Group Inc. boosted its position in ATI by 139.9% in the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after buying an additional 386 shares during the last quarter. Olde Wealth Management LLC purchased a new position in ATI in the 1st quarter valued at about $36,000. Fifth Third Bancorp boosted its position in ATI by 115.7% in the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock valued at $58,000 after buying an additional 603 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of ATI by 418.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 1,062 shares in the last quarter.

Insider Buying and Selling at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $83.93, for a total value of $4,196,500.00. Following the completion of the sale, the chairman owned 356,538 shares of the company's stock, valued at approximately $29,924,234.34. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 145,359 shares of company stock valued at $11,694,486. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

ATI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of ATI and gave the stock a "hold" rating in a research report on Tuesday, July 8th. Benchmark reiterated a "buy" rating and issued a $81.00 target price on shares of ATI in a research report on Monday, April 21st. Barclays increased 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. Citigroup upgraded shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Finally, KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.14.

ATI Price Performance

Shares of ATI traded down $0.91 during mid-day trading on Tuesday, reaching $74.73. The company had a trading volume of 1,246,246 shares, compared to its average volume of 2,077,910. The company's 50 day simple moving average is $85.97 and its 200 day simple moving average is $67.59. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 1.02 and a beta of 1.20. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $96.20. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $0.60 EPS. The company's revenue was up 4.1% compared to the same quarter last year. Analysts expect that ATI Inc. will post 2.89 EPS 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.