ATI Inc. $ATI Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its position in shares of ATI Inc. (NYSE:ATIFree Report) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,150 shares of the basic materials company’s stock after purchasing an additional 3,098 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in ATI were worth $2,689,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. WPG Advisers LLC acquired a new position in ATI during the 1st quarter valued at about $29,000. Golden State Wealth Management LLC grew its position in ATI by 104.1% during the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 304 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 171 shares in the last quarter. Signaturefd LLC grew its position in ATI by 117.7% during the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 206 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 386 shares during the last quarter.

ATI Stock Performance

NYSE:ATI opened at $81.21 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92. The stock has a market cap of $11.19 billion, a P/E ratio of 28.20, a PEG ratio of 1.24 and a beta of 1.29. The business’s 50-day moving average price is $78.01 and its two-hundred day moving average price is $75.05. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $96.20.

ATI (NYSE:ATIGet Free Report) 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. As a group, equities analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research note on Wednesday, October 8th. Zacks Research upgraded shares of ATI to a “hold” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. Barclays raised their target price on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.86.

Read Our Latest Report on ATI

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the completion of the sale, the chairman owned 306,538 shares in the company, valued at $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 44,777 shares of the company’s stock, 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. Over the last 90 days, insiders sold 136,460 shares of company stock worth $10,750,979. 1.10% of the stock is owned by insiders.

ATI Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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