Insider Selling: ATI (NYSE:ATI) VP Sells 9,000 Shares of Stock

Key Points

• ATI Vice President Timothy Harris sold 9,000 shares at an average price of $191.82, generating approximately $1.73 million and reducing his holdings by 9.26% to 88,187 shares.
• ATI shares recently traded at $188.50, with a market capitalization of about $25.67 billion and a 52-week range of $75.02 to $243.57.
• The company exceeded quarterly earnings expectations, reporting $1.23 in EPS and $1.26 billion in revenue, while analysts maintain a consensus “Buy” rating with an average price target of $232.

ATI Inc. (NYSE:ATI - Get Free Report) VP Timothy Harris sold 9,000 shares of the company's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the completion of the transaction, the vice president owned 88,187 shares of the company's stock, valued at $16,916,030.34. This represents a 9.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ATI Stock Performance

Shares of ATI traded up $1.94 during mid-day trading on Wednesday, reaching $188.50. 184,250 shares of the company's stock were exchanged, compared to its average volume of 1,865,525. The business's fifty day simple moving average is $203.43 and its 200-day simple moving average is $180.04. The stock has a market capitalization of $25.67 billion, a PE ratio of 55.35, a price-to-earnings-growth ratio of 1.15 and a beta of 1.01. ATI Inc. has a 52-week low of $75.02 and a 52-week high of $243.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the business earned $0.74 EPS. ATI's quarterly 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, equities research analysts expect that ATI Inc. will post 5.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of recent research reports. KeyCorp boosted their target price on ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Wells Fargo & Company reissued an "overweight" rating and issued a $275.00 price objective on shares of ATI in a research note on Monday, August 10th. TD Cowen upped their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. BTIG Research raised their target price on shares of ATI from $180.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $262.00 target price on shares of ATI in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $232.00.

Hedge Funds Weigh In On ATI

A number of large investors have recently made changes to their positions in the stock. Security National Bank of Sioux City Iowa IA acquired a new position in ATI in the second quarter valued at $118,000. Sequoia Financial Advisors LLC grew its position in ATI by 485.8% during the second quarter. Sequoia Financial Advisors LLC now owns 33,554 shares of the basic materials company's stock valued at $6,613,000 after acquiring an additional 27,826 shares during the period. Arlington Capital Management Inc. acquired a new stake in ATI during the second quarter worth about $239,000. WINTON GROUP Ltd raised its holdings in shares of ATI by 50.5% in the 2nd quarter. WINTON GROUP Ltd now owns 13,394 shares of the basic materials company's stock worth $2,640,000 after purchasing an additional 4,494 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in shares of ATI by 26.3% in the 2nd quarter. Engineers Gate Manager LP now owns 87,049 shares of the basic materials company's stock worth $17,157,000 after purchasing an additional 18,104 shares during the period.

About ATI

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.

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