Timothy Harris Sells 10,542 Shares of ATI (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 10,542 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $97.77, for a total transaction of $1,030,691.34. Following the transaction, the vice president directly owned 108,852 shares in the company, valued at approximately $10,642,460.04. The trade was a 8.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

ATI Price Performance

NYSE:ATI traded down $3.35 during mid-day trading on Thursday, reaching $94.77. 1,347,253 shares of the stock were exchanged, compared to its average volume of 1,935,562. The company has a current ratio of 2.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $87.80 and a 200 day moving average price of $83.10. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $103.64. The firm has a market capitalization of $12.88 billion, a PE ratio of 30.67, a PEG ratio of 1.47 and a beta of 1.32.

ATI (NYSE:ATI) last released its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ATI has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on shares of ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. KeyCorp raised shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a research report on Thursday, November 13th. Zacks Research upgraded shares of ATI to a “hold” rating in a report on Tuesday, August 12th. Finally, Barclays upped their price target on shares of ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Institutional Investors Weigh In On ATI

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC grew its holdings in shares of ATI by 117.7% during the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in ATI by 79.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after buying an additional 171 shares during the period. Prestige Wealth Management Group LLC bought a new stake in ATI in the 3rd quarter valued at $34,000. Meeder Asset Management Inc. raised its stake in shares of ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of ATI during the 1st quarter worth about $29,000.

About ATI

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.