Key Points
- Chairman Robert Wetherbee sold 53,862 shares on Dec. 18 at an average price of $109.48 for proceeds of about $5.90M, cutting his stake by 28.87% to 132,676 shares valued near $14.53M.
- ATI beat Q3 estimates with EPS of $0.85 versus a $0.75 consensus and revenue of $1.13B, and set FY2025 guidance of $3.15–$3.21 EPS.
- Analysts are bullish: eight Buy and two Hold ratings, several target increases into the $120–$135 range, and a MarketBeat average price target of $109.14 while the stock trades near its 12‑month high (~$113).
ATI Inc. (NYSE:ATI - Get Free Report) Chairman Robert Wetherbee sold 53,862 shares of the company's stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the transaction, the chairman owned 132,676 shares of the company's stock, valued at $14,525,368.48. This trade represents a 28.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
ATI Stock Performance
ATI stock opened at $113.26 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.18. The firm's fifty day moving average price is $97.28 and its 200 day moving average price is $87.18. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.08. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $113.57.
ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $0.60 earnings per share. The company's revenue was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. On average, research analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently issued reports on ATI shares. BTIG Research restated a "buy" rating and issued a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. Susquehanna boosted their target price on shares of ATI from $100.00 to $120.00 and gave the stock a "positive" rating in a research report on Wednesday, October 29th. KeyCorp raised ATI from a "sector weight" rating to an "overweight" rating and set a $120.00 price objective for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their target price on ATI from $118.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of ATI in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, ATI has an average rating of "Moderate Buy" and an average price target of $109.14.
Check Out Our Latest Stock Report on ATI
Institutional Trading of ATI
Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in shares of ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company's stock worth $43,000 after purchasing an additional 180 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in ATI by 76.4% in the third quarter. Swiss Life Asset Management Ltd now owns 6,439 shares of the basic materials company's stock worth $524,000 after buying an additional 2,788 shares during the period. Coldstream Capital Management Inc. bought a new stake in ATI in the third quarter valued at $335,000. Danske Bank A S acquired a new stake in shares of ATI in the 3rd quarter worth about $122,000. Finally, Kestra Private Wealth Services LLC lifted its position in ATI by 81.0% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 9,709 shares of the basic materials company's stock valued at $790,000 after purchasing an additional 4,344 shares during the last quarter.
About ATI
(
Get Free Report)
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.
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