New York State Teachers Retirement System Increases Holdings in ATI Inc. $ATI

New York State Teachers Retirement System increased its position in ATI Inc. (NYSE:ATI) by 4.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 150,001 shares of the basic materials company’s stock after buying an additional 6,573 shares during the quarter. New York State Teachers Retirement System’s holdings in ATI were worth $12,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ATI. MassMutual Private Wealth & Trust FSB grew its position in ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 171 shares during the last quarter. Signaturefd LLC boosted its stake in shares of ATI by 117.7% in the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 206 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of ATI by 56.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 260 shares in the last quarter. MAI Capital Management grew its holdings in shares of ATI by 38.6% during the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 242 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in ATI in the 2nd quarter worth $75,000.

Insider Activity at ATI

In related news, VP Timothy J. Harris sold 10,543 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total value of $1,029,945.67. Following the completion of the sale, the vice president owned 119,394 shares of the company’s stock, valued at $11,663,599.86. This trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction on Friday, November 21st. The shares were 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 approximately $1,984,013.24. This trade represents a 10.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 158,630 shares of company stock worth $16,144,855 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on ATI shares. JPMorgan Chase & Co. boosted their price target on shares of ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. BTIG Research reiterated a “buy” rating and issued a $120.00 price objective on shares of ATI in a report on Wednesday, October 29th. Susquehanna increased their target price on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a research report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.86.

ATI Stock Performance

ATI stock opened at $123.36 on Thursday. 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 market cap of $16.76 billion, a P/E ratio of 39.92, a P/E/G ratio of 1.20 and a beta of 1.02. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $125.45. The firm has a 50-day moving average of $107.54 and a 200-day moving average of $91.61.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The company 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. ATI’s 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. Sell-side analysts expect that ATI Inc. will post 2.89 EPS for the current year.

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.