Bank of Montreal Can Sells 2,376 Shares of ATI Inc. $ATI

Bank of Montreal Can lessened its position in ATI Inc. (NYSE:ATI) by 6.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 33,648 shares of the basic materials company’s stock after selling 2,376 shares during the period. Bank of Montreal Can’s holdings in ATI were worth $2,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in shares of ATI by 45.1% in the second quarter. Hantz Financial Services Inc. now owns 19,433 shares of the basic materials company’s stock valued at $1,678,000 after buying an additional 6,041 shares during the period. World Investment Advisors bought a new position in ATI during the 2nd quarter valued at about $271,000. Mayflower Financial Advisors LLC bought a new position in shares of ATI in the second quarter valued at approximately $350,000. Oarsman Capital Inc. acquired a new position in ATI in the second quarter worth $308,000. Finally, Teacher Retirement System of Texas lifted its position in ATI by 33.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,931 shares of the basic materials company’s stock worth $2,757,000 after buying an additional 8,041 shares in the last quarter.

ATI Stock Up 1.2%

ATI stock opened at $99.09 on Thursday. The stock has a market cap of $13.46 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.47 and a beta of 1.32. The company’s 50-day moving average price is $85.23 and its two-hundred day moving average price is $81.61. The company has a quick ratio of 1.20, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $103.64.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. As a group, analysts expect that ATI Inc. will post 2.89 EPS for the current year.

Insider Activity

In other ATI news, CEO Kimberly A. Fields sold 21,154 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $82.03, for a total value of $1,735,262.62. Following the completion of the sale, the chief executive officer owned 223,821 shares of the company’s stock, valued at $18,360,036.63. The trade was a 8.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Timothy J. Harris sold 10,543 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total transaction of $1,029,945.67. Following the transaction, the vice president owned 119,394 shares in the company, valued at approximately $11,663,599.86. The trade was a 8.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 99,646 shares of company stock worth $8,461,892 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ATI. BTIG Research reiterated a “buy” rating and issued a $120.00 price objective on shares of ATI in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Barclays boosted their target price on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Susquehanna increased their price objective on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.71.

ATI Company 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.