New York State Common Retirement Fund Lowers Stake in ATI Inc. $ATI

New York State Common Retirement Fund cut its holdings in shares of ATI Inc. (NYSE:ATI) by 37.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,456 shares of the basic materials company’s stock after selling 136,436 shares during the quarter. New York State Common Retirement Fund owned 0.16% of ATI worth $19,552,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp raised its position in ATI by 11.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 128 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in ATI by 10.9% in the second quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 143 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in ATI by 3.4% in the second quarter. Sequoia Financial Advisors LLC now owns 4,322 shares of the basic materials company’s stock valued at $373,000 after acquiring an additional 144 shares in the last quarter. SG Americas Securities LLC lifted its stake in ATI by 0.7% in the second quarter. SG Americas Securities LLC now owns 23,636 shares of the basic materials company’s stock worth $2,041,000 after acquiring an additional 160 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in ATI by 3.0% during the 2nd quarter. AlphaQuest LLC now owns 5,772 shares of the basic materials company’s stock worth $498,000 after acquiring an additional 170 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Thursday, November 13th. 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 note on Tuesday, August 12th. BTIG Research reiterated a “buy” rating and issued a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. Finally, Barclays boosted their price target on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, ATI presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Insider Buying and Selling

In related news, VP Timothy J. Harris sold 10,542 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the completion of the sale, the vice president directly owned 98,310 shares of the company’s stock, valued at $9,622,582.80. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $93.26, for a total transaction 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 trade represents a 10.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 183,328 shares of company stock worth $16,667,123 over the last three months. 1.10% of the stock is owned by company insiders.

ATI Trading Down 1.6%

Shares of ATI stock opened at $99.19 on Tuesday. The company’s fifty day moving average is $90.63 and its two-hundred day moving average is $84.61. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $103.64. 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 company has a market capitalization of $13.48 billion, a P/E ratio of 32.10, a PEG 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

ATI Company 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.