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

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of ATI during the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC grew its position in shares of ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after purchasing an additional 304 shares in the last quarter. Bessemer Group Inc. grew its position in shares of ATI by 139.9% during the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after purchasing an additional 386 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of ATI during the 1st quarter worth approximately $36,000. Finally, Headlands Technologies LLC acquired a new position in shares of ATI during the 1st quarter worth approximately $47,000.

ATI Stock Up 0.4%

Shares of NYSE ATI opened at $77.48 on Monday. 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 company has a 50-day moving average price of $82.09 and a 200-day moving average price of $70.04. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $96.20. The stock has a market capitalization of $10.68 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.06 and a beta of 1.27.

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 for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. The firm's revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $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. On average, equities research analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the transaction, the director owned 44,777 shares of the company's stock, valued at $3,394,544.37. The trade was a 15.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 107,900 shares of company stock worth $8,528,399. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BTIG Research set a $120.00 target price on shares of ATI and gave the stock a "buy" rating in a research report on Monday, August 4th. Susquehanna dropped their price objective on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research note on Friday, August 1st. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Barclays raised their price target on shares of ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Citigroup raised shares of ATI to a "positive" rating in a research note on Tuesday, May 20th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, ATI presently has an average rating of "Moderate Buy" and an average target price of $93.29.

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.

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