KLP Kapitalforvaltning AS Grows Position in ATI Inc. $ATI

KLP Kapitalforvaltning AS lifted its position in shares of ATI Inc. (NYSE:ATI) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the basic materials company’s stock after buying an additional 1,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in ATI were worth $2,504,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Motiv8 Investments LLC bought a new stake in ATI in the 2nd quarter worth approximately $220,000. OLD National Bancorp IN bought a new stake in ATI in the 2nd quarter worth approximately $217,000. Accel Wealth Management bought a new stake in ATI in the 2nd quarter worth approximately $259,000. 111 Capital bought a new stake in ATI in the 2nd quarter worth approximately $247,000. Finally, Ameritas Advisory Services LLC bought a new stake in ATI in the 2nd quarter worth approximately $118,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ATI. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Wednesday. Barclays lifted their price target on ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. BTIG Research reaffirmed a “buy” rating and issued a $120.00 price target on shares of ATI in a research note on Friday, September 12th. Finally, Zacks Research raised ATI to a “hold” rating in a research note on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.86.

Insider Transactions at ATI

In other news, CEO Kimberly A. Fields sold 21,154 shares of ATI stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $82.03, for a total value of $1,735,262.62. Following the sale, the chief executive officer directly owned 223,821 shares in the company, valued at approximately $18,360,036.63. This trade represents a 8.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the director owned 44,777 shares in the company, valued at approximately $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. In the last three months, insiders have sold 115,307 shares of company stock worth $8,934,571. 1.10% of the stock is currently owned by insiders.

ATI Price Performance

Shares of ATI stock opened at $80.17 on Friday. The firm has a market cap of $11.05 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.09 and a beta of 1.29. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The business’s 50 day moving average price is $77.34 and its 200-day moving average price is $74.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm 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%.The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. 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 anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

ATI 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.