Vanguard Group Inc. Sells 566,067 Shares of ATI Inc. $ATI

Vanguard Group Inc. lowered its position in ATI Inc. (NYSE:ATI) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,330,475 shares of the basic materials company’s stock after selling 566,067 shares during the period. Vanguard Group Inc. owned 9.67% of ATI worth $1,150,953,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new position in shares of ATI during the 1st quarter worth $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of ATI by 79.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 171 shares during the last quarter. Signaturefd LLC boosted its holdings in ATI by 117.7% in the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. Headlands Technologies LLC acquired a new position in ATI during the first quarter worth $47,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in ATI by 56.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after buying an additional 260 shares in the last quarter.

Analysts Set New Price Targets

ATI has been the subject of several recent analyst reports. Zacks Research upgraded ATI to a “hold” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. upped their target price on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reiterated 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 note on Wednesday, October 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $120.00 target price on shares of ATI in a research note on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

ATI Stock Up 1.8%

Shares of ATI stock opened at $96.48 on Friday. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $103.64. The company has a quick ratio of 1.20, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The firm has a market cap of $13.11 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32. The stock has a 50 day moving average of $88.20 and a 200-day moving average of $83.41.

ATI (NYSE:ATI) last announced 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. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate 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 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. On average, equities analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Insider Transactions at ATI

In other news, Chairman Robert S. Wetherbee sold 60,000 shares of ATI stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the sale, the chairman owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy J. Harris sold 10,543 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total transaction of $1,029,945.67. Following the completion of the sale, the vice president directly owned 119,394 shares in the company, valued at $11,663,599.86. This trade represents a 8.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 170,188 shares of company stock worth $15,392,983. 1.10% of the stock is currently owned by company insiders.

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.