ATI (NYSE:ATI) VP Sells $3,424,410.00 in Stock

Key Points

• ATI Vice President Timothy Harris sold 16,500 shares at an average price of $207.54, generating $3.42 million and reducing his holdings by 12.67% to 113,687 shares.
• ATI shares fell 3.6% to $199.10 during Thursday trading, although the company recently exceeded quarterly earnings and revenue expectations, reporting $1.23 EPS and $1.26 billion in revenue.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $232; several firms recently raised their targets to between $210 and $275.

ATI Inc. (NYSE:ATI - Get Free Report) VP Timothy Harris sold 16,500 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $207.54, for a total value of $3,424,410.00. Following the sale, the vice president owned 113,687 shares of the company's stock, valued at approximately $23,594,599.98. The trade was a 12.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ATI Stock Down 3.6%

ATI stock traded down $7.43 during mid-day trading on Thursday, hitting $199.10. The company had a trading volume of 1,324,828 shares, compared to its average volume of 1,874,008. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 1.26 and a beta of 1.01. ATI Inc. has a 1 year low of $75.02 and a 1 year high of $243.57. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average of $202.90 and a 200 day moving average of $178.21.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm earned $0.74 EPS. The company's revenue was up 10.6% compared to the same quarter last year. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, sell-side analysts expect that ATI Inc. will post 5.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. KeyCorp raised their price objective on ATI from $211.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Wall Street Zen raised ATI from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. TD Cowen upped their target price on ATI from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Wells Fargo & Company reissued an "overweight" rating and issued a $275.00 target price on shares of ATI in a research report on Monday, August 10th. Finally, BTIG Research raised their price target on ATI from $180.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company's stock. According to data from MarketBeat.com, ATI has a consensus rating of "Buy" and an average price target of $232.00.

Institutional Trading of ATI

Several hedge funds have recently made changes to their positions in ATI. CoreCap Advisors LLC acquired a new position in shares of ATI during the second quarter worth about $30,000. Signature Equity Partners LLC lifted its position in ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 123 shares during the period. Triumph Capital Management lifted its position in ATI by 22.4% in the second quarter. Triumph Capital Management now owns 317 shares of the basic materials company's stock valued at $62,000 after purchasing an additional 58 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ATI in the 2nd quarter valued at approximately $73,000. Finally, Meeder Asset Management Inc. acquired a new position in ATI during the 2nd quarter worth approximately $77,000.

ATI Company Profile

ATI Inc NYSE: ATI is a specialty materials and components manufacturer serving aerospace and defense, medical, energy, transportation, and other demanding industrial markets. The company develops and produces advanced alloys and engineered materials designed to perform in high-temperature, corrosive, and high-stress environments.

ATI's products include nickel-based superalloys, titanium and titanium-based materials, specialty stainless steels, zirconium and other specialty alloys. Its manufacturing capabilities also include precision forgings, castings, rolled products, and machined components used in aircraft engines, airframes, power-generation equipment, medical devices, and industrial applications.

The company was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc's specialty metals operations and adopted the name ATI Inc in 2021.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.