Tema Etfs LLC Grows Stake in ATI Inc. $ATI

Tema Etfs LLC increased its position in shares of ATI Inc. (NYSE:ATI) by 7.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 76,016 shares of the basic materials company’s stock after purchasing an additional 5,362 shares during the period. Tema Etfs LLC’s holdings in ATI were worth $6,183,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ATI. Royal Bank of Canada lifted its stake in shares of ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after purchasing an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after buying an additional 209,480 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of ATI by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 658,195 shares of the basic materials company’s stock valued at $34,246,000 after buying an additional 61,021 shares in the last quarter. Intech Investment Management LLC grew its position in shares of ATI by 104.3% in the 1st quarter. Intech Investment Management LLC now owns 58,458 shares of the basic materials company’s stock worth $3,042,000 after buying an additional 29,838 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of ATI during the 1st quarter worth approximately $937,000.

Analyst Ratings Changes

Several brokerages have weighed in on ATI. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Susquehanna upped their target price on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a report on Wednesday, October 8th. Finally, BTIG Research restated a “buy” rating and set a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.14.

ATI Stock Performance

Shares of ATI stock opened at $122.34 on Monday. The business has a fifty day moving average of $105.94 and a 200 day moving average of $90.85. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $124.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.18. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02.

ATI (NYSE:ATI) last posted 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. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. As a group, research analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $93.26, for a total value of $242,289.48. Following the transaction, the senior vice president owned 21,274 shares in the company, valued at approximately $1,984,013.24. This represents a 10.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kimberly A. Fields sold 21,153 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the transaction, the chief executive officer directly owned 202,668 shares of the company’s stock, valued at $17,403,101.16. This represents a 9.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 179,783 shares of company stock worth $17,961,263 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

ATI Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.