Key Points
- ATI Vice President Timothy Harris sold 9,000 shares at an average price of $191.82, totaling approximately $1.73 million. His remaining stake was valued at about $16.9 million, representing a 9.26% reduction in ownership.
- ATI reported strong quarterly results, with earnings of $1.23 per share and revenue of $1.26 billion, exceeding analyst expectations; revenue increased 10.6% year over year.
- Analysts remain bullish, with ATI holding a consensus “Buy” rating and an average price target of $232. Several firms recently raised their targets to between $258 and $275.
ATI Inc. (NYSE:ATI - Get Free Report) VP Timothy Harris sold 9,000 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the transaction, the vice president owned 88,187 shares in the company, valued at approximately $16,916,030.34. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
ATI Price Performance
ATI stock opened at $184.16 on Thursday. ATI Inc. has a 1 year low of $75.02 and a 1 year high of $243.57. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The firm has a 50 day moving average price of $203.24 and a 200 day moving average price of $180.26. The company has a market cap of $25.08 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 1.13 and a beta of 1.01.
ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $0.74 earnings per share. ATI's revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Sell-side analysts predict that ATI Inc. will post 5.11 earnings per share for the current year.
Hedge Funds Weigh In On ATI
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of ATI in the second quarter valued at $3,687,529,000. Capital Research Global Investors increased its stake in ATI by 12.0% during the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company's stock worth $414,481,000 after buying an additional 386,754 shares during the period. Bank of America Corp DE purchased a new stake in ATI during the 2nd quarter worth $348,285,000. Norges Bank acquired a new position in ATI in the 4th quarter worth $198,787,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in ATI by 231.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company's stock worth $175,094,000 after buying an additional 840,455 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on ATI. KeyCorp boosted their price target on ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Wells Fargo & Company restated an "overweight" rating and issued a $275.00 price objective on shares of ATI in a report on Monday, August 10th. BTIG Research lifted their price objective on ATI from $180.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $262.00 target price on shares of ATI in a report on Monday, August 10th. Finally, TD Cowen increased their target price on shares of ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company's stock. According to MarketBeat.com, ATI presently has a consensus rating of "Buy" and an average price target of $232.00.
Check Out Our Latest Research Report on ATI
About ATI
(
Get Free Report)
ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving aerospace and defense, medical, energy, transportation, and other demanding industrial markets. The company develops and produces advanced alloys and engineered materials designed to perform in high-temperature, corrosive, and high-stress environments.
ATI's products include nickel-based superalloys, titanium and titanium-based materials, specialty stainless steels, zirconium and other specialty alloys. Its manufacturing capabilities also include precision forgings, castings, rolled products, and machined components used in aircraft engines, airframes, power-generation equipment, medical devices, and industrial applications.
The company was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc's specialty metals operations and adopted the name ATI Inc in 2021.
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