Invesco Ltd. Sells 1,553,815 Shares of ATI Inc. $ATI

Invesco Ltd. reduced its holdings in shares of ATI Inc. (NYSE:ATI) by 32.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,296,624 shares of the basic materials company’s stock after selling 1,553,815 shares during the period. Invesco Ltd.’s holdings in ATI were worth $284,631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its stake in ATI by 239.8% during the first quarter. Mutual of America Capital Management LLC now owns 73,415 shares of the basic materials company’s stock worth $3,820,000 after purchasing an additional 51,808 shares during the period. LPL Financial LLC raised its holdings in shares of ATI by 18.5% in the 1st quarter. LPL Financial LLC now owns 56,808 shares of the basic materials company’s stock worth $2,956,000 after buying an additional 8,876 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of ATI during the 1st quarter worth approximately $47,000. Swiss National Bank boosted its stake in ATI by 12.9% in the 1st quarter. Swiss National Bank now owns 276,300 shares of the basic materials company’s stock valued at $14,376,000 after buying an additional 31,500 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in ATI in the first quarter valued at $885,000.

ATI Stock Up 0.1%

Shares of NYSE:ATI opened at $100.52 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The firm has a market cap of $13.66 billion, a P/E ratio of 32.53, a P/E/G ratio of 1.31 and a beta of 1.08. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $103.64. The company’s 50-day moving average price is $92.28 and its two-hundred day moving average price is $85.21.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping 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 company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’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 and its Q4 2025 guidance at 0.840-0.90 EPS. As a group, research analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the sale, the senior vice president owned 21,274 shares in the company, valued at $1,984,013.24. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Timothy J. Harris sold 10,543 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total value of $1,029,945.67. Following the completion of the transaction, the vice president owned 119,394 shares in the company, valued at approximately $11,663,599.86. This represents a 8.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 183,328 shares of company stock worth $16,667,123 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ATI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a report on Wednesday, October 8th. Zacks Research raised shares of ATI to a “hold” rating in a report on Tuesday, August 12th. Susquehanna upped their price objective on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. KeyCorp raised shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

ATI 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.