ATI (NYSE:ATI) Chairman Sells $5,896,811.76 in Stock

ATI Inc. (NYSE:ATI) Chairman Robert Wetherbee sold 53,862 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the sale, the chairman owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. This represents a 28.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ATI Stock Up 3.2%

Shares of NYSE:ATI traded up $3.50 during trading on Friday, hitting $113.26. 3,276,831 shares of the company were exchanged, compared to its average volume of 1,398,590. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $113.57. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 1.40 and a beta of 1.08. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $97.28 and a two-hundred day moving average price of $87.18.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. ATI’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. 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 anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ATI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of ATI in a research note on Monday. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target for the company in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their target price on shares of ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a research note on Wednesday, October 8th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $120.00 price target on shares of ATI in a report on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $109.14.

Hedge Funds Weigh In On ATI

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors increased its stake in shares of ATI by 2.6% in the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock worth $1,394,349,000 after purchasing an additional 436,131 shares in the last quarter. Capital World Investors lifted its position in shares of ATI by 15.8% in the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after buying an additional 1,080,201 shares in the last quarter. State Street Corp grew its holdings in shares of ATI by 7.4% in the third 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ATI by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company’s stock worth $136,164,000 after buying an additional 59,811 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in ATI by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after purchasing an additional 57,883 shares during the period.

ATI Company 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.