Vident Advisory LLC Buys Shares of 8,337 ATI Inc. $ATI

Key Points

• Vident Advisory LLC has acquired a new position in ATI Inc., purchasing 8,337 shares valued at approximately $434,000 during the first quarter.
• ATI's latest quarterly earnings report showed $0.74 earnings per share, surpassing analysts' expectations, with a revenue of $1.14 billion.
• Research analysts are optimistic about ATI's prospects, with several firms setting target prices ranging from $90.00 to $120.00 and maintaining a "buy" rating for the stock.

Vident Advisory LLC purchased a new position in ATI Inc. (NYSE:ATI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,337 shares of the basic materials company's stock, valued at approximately $434,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATI. The Manufacturers Life Insurance Company boosted its holdings in ATI by 15.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 28,810 shares of the basic materials company's stock worth $1,586,000 after acquiring an additional 3,844 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings 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 acquiring an additional 4,490 shares during the period. Ethic Inc. boosted its holdings in ATI by 72.1% in the 4th quarter. Ethic Inc. now owns 36,212 shares of the basic materials company's stock worth $1,993,000 after acquiring an additional 15,168 shares during the period. Gotham Asset Management LLC boosted its holdings in ATI by 57.7% in the 4th quarter. Gotham Asset Management LLC now owns 178,422 shares of the basic materials company's stock worth $9,820,000 after acquiring an additional 65,279 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in ATI in the 4th quarter worth approximately $11,097,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATI. JPMorgan Chase & Co. upped their target price on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Citigroup raised ATI to a "positive" rating in a research report on Tuesday, May 20th. BTIG Research reissued a "buy" rating and set a $120.00 price target on shares of ATI in a research report on Friday. Barclays upped their price target on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Zacks Research raised ATI to a "hold" rating in a research report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Stock Performance

Shares of NYSE ATI traded up $0.35 during midday trading on Friday, hitting $76.33. 1,374,474 shares of the company's stock were exchanged, compared to its average volume of 1,645,027. 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 stock's 50 day moving average price is $81.12 and its 200-day moving average price is $70.52. The firm has a market cap of $10.52 billion, a P/E ratio of 26.50, a PEG ratio of 1.04 and a beta of 1.27. 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 issued its quarterly earnings data 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. The business had revenue of $1.14 billion during 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 business's revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. 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 anticipate that ATI Inc. will post 2.89 EPS for the current year.

Insider Transactions 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 completion of the transaction, the chairman 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 document filed with the SEC, which can be accessed through this link. Also, Director David J. Morehouse sold 7,900 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,841 shares of company stock valued at $5,567,645. 1.10% of the stock is currently owned by corporate insiders.

About ATI

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.