Wellington Management Group LLP Acquires 66,968 Shares of ATI Inc. $ATI

Key Points

• Wellington Management Group LLP increased its holdings in ATI Inc. by **14.8%**, acquiring **66,968 shares** in the first quarter, bringing their total ownership to **518,193 shares** valued at approximately **$26.96 million**.
• Several institutional investors have also recently adjusted their positions in ATI, including Barclays PLC and Voya Investment Management LLC, demonstrating growing institutional interest in the company.
• ATI reported **$0.74** earnings per share in its last quarterly earnings, which exceeded analyst expectations, along with an increase in revenue of **4.1%** compared to the previous year.

Wellington Management Group LLP raised its stake in ATI Inc. (NYSE:ATI - Free Report) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 518,193 shares of the basic materials company's stock after acquiring an additional 66,968 shares during the period. Wellington Management Group LLP owned about 0.37% of ATI worth $26,962,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ATI. Northern Trust Corp grew its holdings in shares of ATI by 33.4% during the first quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company's stock worth $65,701,000 after purchasing an additional 316,090 shares during the last quarter. Versor Investments LP bought a new stake in shares of ATI during the first quarter worth $1,633,000. Roubaix Capital LLC bought a new stake in shares of ATI during the first quarter worth $3,971,000. Raymond James Financial Inc. grew its holdings in shares of ATI by 5.4% during the first quarter. Raymond James Financial Inc. now owns 845,252 shares of the basic materials company's stock worth $43,978,000 after purchasing an additional 43,024 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of ATI by 2.6% during the first quarter. State of New Jersey Common Pension Fund D now owns 48,306 shares of the basic materials company's stock valued at $2,513,000 after acquiring an additional 1,241 shares during the period.

Wall Street Analysts Forecast Growth

ATI has been the topic of several research reports. Barclays upped their price target on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the company a "hold" rating in a research note on Tuesday, July 8th. Citigroup raised ATI to a "positive" rating in a research note on Tuesday, May 20th. Zacks Research raised ATI to a "hold" rating in a research note on Tuesday, August 12th. Finally, KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a research note 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.29.

ATI Stock Up 2.2%

Shares of NYSE ATI traded up $1.68 during mid-day trading on Thursday, reaching $78.44. 1,369,803 shares of the company's stock were exchanged, compared to its average volume of 2,063,295. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.04 and a beta of 1.20. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $82.98 and a 200 day simple moving average of $69.15. 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 released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, topping 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 return on equity of 21.34% and a net margin of 9.26%.ATI's revenue was up 4.1% compared to the same quarter last year. During the same quarter last 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. As a group, equities analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $83.93, for a total transaction of $4,196,500.00. Following the completion of the transaction, the chairman directly owned 356,538 shares in the company, valued at approximately $29,924,234.34. The trade was a 12.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction that occurred 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 transaction, the director owned 44,777 shares of the company's stock, valued at $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,900 shares of company stock valued at $12,610,399. Corporate insiders own 1.10% of the company's stock.

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.