Segall Bryant & Hamill LLC Increases Stock Position in ATI Inc. $ATI

Segall Bryant & Hamill LLC grew its holdings in ATI Inc. (NYSE:ATI) by 108.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,083 shares of the basic materials company’s stock after purchasing an additional 194,518 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ATI were worth $32,212,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in ATI by 11.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock valued at $108,000 after buying an additional 128 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of 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 lifted its position in shares of 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 boosted its stake in shares of ATI by 0.7% during the second quarter. SG Americas Securities LLC now owns 23,636 shares of the basic materials company’s stock valued at $2,041,000 after acquiring an additional 160 shares during the last quarter. Finally, AlphaQuest LLC increased its position 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 purchasing an additional 170 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research report on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $120.00 target price on shares of ATI in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price target on ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Zacks Research raised ATI to a “hold” rating in a research note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

Insider Activity at ATI

In other ATI news, VP Timothy J. Harris sold 10,542 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $97.77, for a total value of $1,030,691.34. Following the transaction, the vice president directly owned 108,852 shares of the company’s stock, valued at $10,642,460.04. This trade represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total value of $5,900,400.00. Following the transaction, the chairman owned 246,538 shares in the company, valued at approximately $24,244,546.92. This represents a 19.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 170,188 shares of company stock worth $15,392,983. Corporate insiders own 1.10% of the company’s stock.

ATI Trading Up 1.8%

NYSE ATI opened at $96.48 on Friday. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.47 and a beta of 1.32. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 2.50. ATI Inc. has a one year low of $39.23 and a one year high of $103.64. The company’s 50 day moving average price is $88.20 and its 200 day moving average price is $83.30.

ATI (NYSE:ATI) last released its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $0.60 earnings per share. ATI’s revenue for the quarter was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. On average, sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current year.

About ATI

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.