Voya Investment Management LLC Increases Stock Holdings in ATI Inc. $ATI

Key Points

• Voya Investment Management LLC increased its stake in ATI Inc. by 87.9% during the first quarter, holding 109,334 shares valued at approximately $5.69 million.
• Insider transactions included Director David J. Morehouse and Chairman Robert S. Wetherbee selling a combined total of 57,900 shares for around $4.33 million, indicating a decrease in their ownership percentages.
• JPMorgan Chase & Co. raised their price target on ATI from $75 to $92 and assigned the company an "overweight" rating, reflecting analysts’ positive outlook on ATI's stock.

Voya Investment Management LLC boosted its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 87.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,334 shares of the basic materials company's stock after purchasing an additional 51,143 shares during the quarter. Voya Investment Management LLC owned about 0.08% of ATI worth $5,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ATI. WPG Advisers LLC bought a new position in shares of ATI during the 1st quarter worth $29,000. Golden State Wealth Management LLC lifted its stake in ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after acquiring an additional 304 shares during the period. Bessemer Group Inc. grew its holdings in 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 acquiring an additional 386 shares in the last quarter. Olde Wealth Management LLC bought a new position in ATI during the 1st quarter worth about $36,000. Finally, Headlands Technologies LLC purchased a new position in ATI during the 1st quarter valued at about $47,000.

ATI Stock Down 1.2%

NYSE ATI traded down $0.95 during trading on Monday, hitting $79.78. The company's stock had a trading volume of 1,099,864 shares, compared to its average volume of 1,672,595. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The company has a market cap of $11.00 billion, a PE ratio of 27.70, a P/E/G ratio of 1.10 and a beta of 1.27. 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 business's 50 day simple moving average is $80.02 and its 200-day simple moving average is $71.65.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 15,941 shares of the 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 transaction, the chief executive officer directly owned 265,287 shares of the company's stock, valued at approximately $20,565,048.24. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David J. Morehouse sold 7,900 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of the transaction, the director owned 44,777 shares in the company, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,841 shares of company stock valued at $5,567,645 in the last ninety days. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ATI shares. Susquehanna lowered their price target on shares of ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, August 1st. Zacks Research raised ATI to a "hold" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price target on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a "hold" rating in a research note on Tuesday, July 8th. Finally, BTIG Research reiterated a "buy" rating and issued a $120.00 target price on shares of ATI in a research note on Friday, September 12th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $93.29.

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.