Robert Wetherbee Sells 60,000 Shares of ATI (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI) Chairman Robert Wetherbee sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the transaction, the chairman owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. The trade was a 19.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ATI Trading Down 3.4%

ATI traded down $3.35 during trading on Thursday, hitting $94.77. The company’s stock had a trading volume of 1,347,253 shares, compared to its average volume of 1,935,562. The company has a quick ratio of 1.20, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The stock’s fifty day moving average price is $87.80 and its 200-day moving average price is $83.10. The firm has a market capitalization of $12.88 billion, a P/E ratio of 30.67, a PEG ratio of 1.47 and a beta of 1.32. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $103.64.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Zacks Research upgraded ATI to a “hold” rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a research report on Wednesday, October 8th. KeyCorp raised shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a research note on Thursday, November 13th. BTIG Research reiterated a “buy” rating and issued a $120.00 price objective on shares of ATI in a report on Wednesday, October 29th. Finally, Barclays increased their target price on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, ATI currently has an average rating of “Moderate Buy” and an average price target of $103.00.

Hedge Funds Weigh In On ATI

Large investors have recently added to or reduced their stakes in the company. Capital International Investors raised its stake in ATI by 2.6% during the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after purchasing an additional 436,131 shares during the period. Capital World Investors raised its position in shares of ATI by 15.8% during the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after buying an additional 1,080,201 shares in the last quarter. State Street Corp increased its position in shares of ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after purchasing an additional 415,479 shares during the last quarter. Invesco Ltd. boosted its stake in ATI by 3.3% during the first quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company’s stock worth $252,368,000 after buying an additional 153,939 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in ATI by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company’s stock valued at $136,164,000 after purchasing an additional 59,811 shares during the last quarter.

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.