Key Points
- Robert Wetherbee sold 60,000 shares of ATI on November 18 at an average price of $98.34 for about $5.9 million, cutting his stake by 19.57% to 246,538 shares (≈$24.24 million).
- ATI recently beat Q3 EPS expectations ($0.85 vs. $0.75) with revenue of $1.13 billion (up 7.1% YoY) and set FY2025 guidance of 3.15–3.21 EPS, while analysts maintain a consensus "Moderate Buy" rating and an average price target of $103.00.
ATI Inc. (NYSE:ATI - Get Free Report) VP Timothy Harris sold 10,542 shares of the business's stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $97.77, for a total transaction of $1,030,691.34. Following the completion of the sale, the vice president directly owned 108,852 shares in the company, valued at approximately $10,642,460.04. This trade represents a 8.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ATI Stock Up 0.6%
ATI opened at $95.41 on Friday. The company has a 50 day moving average of $87.80 and a 200 day moving average of $83.10. The company has a current ratio of 2.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $103.64. The company has a market cap of $12.96 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.
ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion during 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 for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company earned $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, sell-side analysts expect that ATI Inc. will post 2.89 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Zacks Research upgraded ATI to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings restated a "buy (b-)" rating on shares of ATI in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of ATI in a report on Wednesday, October 8th. KeyCorp upgraded shares of ATI from a "sector weight" rating to an "overweight" rating and set a $120.00 target price on the stock in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, ATI has an average rating of "Moderate Buy" and a consensus target price of $103.00.
View Our Latest Stock Report on ATI
Hedge Funds Weigh In On ATI
Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors lifted its stake in ATI by 2.6% in the third 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 during the last quarter. Capital World Investors grew its stake in shares of ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company's stock valued at $642,633,000 after buying an additional 1,080,201 shares during the last quarter. State Street Corp increased 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 worth $491,476,000 after buying an additional 415,479 shares during the period. Invesco Ltd. lifted its stake in shares of ATI by 3.3% in the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company's stock valued at $252,368,000 after acquiring an additional 153,939 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 valued at $136,164,000 after acquiring an additional 59,811 shares during the last quarter.
ATI Company Profile
(
Get Free Report)
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.
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