Swiss National Bank Decreases Position in ATI Inc. $ATI

Swiss National Bank decreased its position in ATI Inc. (NYSE:ATI) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 269,600 shares of the basic materials company’s stock after selling 6,700 shares during the period. Swiss National Bank’s holdings in ATI were worth $23,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ATI. Nomura Asset Management Co. Ltd. raised its stake in shares of ATI by 56.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after buying an additional 260 shares during the period. Semanteon Capital Management LP purchased a new stake in ATI in the 2nd quarter worth about $248,000. Cetera Investment Advisers bought a new stake in ATI in the 2nd quarter valued at about $324,000. Thoroughbred Financial Services LLC purchased a new stake in ATI during the second quarter valued at about $1,007,000. Finally, SG Americas Securities LLC boosted its position in ATI by 0.7% during the second quarter. SG Americas Securities LLC now owns 23,636 shares of the basic materials company’s stock worth $2,041,000 after purchasing an additional 160 shares during the period.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 21,154 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 223,821 shares of the company’s stock, valued at $18,360,036.63. This trade represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Timothy J. Harris sold 10,543 shares of the business’s 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 completion of the transaction, the vice president directly owned 119,394 shares of the company’s stock, valued at approximately $11,663,599.86. This represents a 8.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 183,328 shares of company stock valued at $16,667,123 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. KeyCorp raised shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a research report on Thursday, November 13th. JPMorgan Chase & Co. boosted their target price on shares of ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a report on Wednesday, October 8th. Zacks Research upgraded ATI to a “hold” rating in a research report on Tuesday, August 12th. Finally, Barclays increased their price objective on ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.00.

ATI Price Performance

NYSE:ATI opened at $99.30 on Wednesday. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $103.64. The stock has a fifty day moving average of $89.00 and a 200 day moving average of $83.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 2.50. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 1.47 and a beta of 1.32.

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

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.