ATI Inc. $ATI Position Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of ATI Inc. (NYSE:ATI) by 33.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,931 shares of the basic materials company’s stock after buying an additional 8,041 shares during the quarter. Teacher Retirement System of Texas’ holdings in ATI were worth $2,757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in ATI during the first quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after buying an additional 171 shares in the last quarter. Signaturefd LLC increased its holdings in shares of ATI by 117.7% in the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 206 shares during the period. Olde Wealth Management LLC acquired a new position in shares of ATI in the 1st quarter valued at about $36,000. Finally, Headlands Technologies LLC acquired a new position in shares of ATI in the 1st quarter valued at about $47,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ATI shares. JPMorgan Chase & Co. upped their target price on ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a report on Wednesday, October 8th. Barclays upped their target price on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, August 4th. BTIG Research reiterated a “buy” rating and issued a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Finally, Susquehanna upped their target price on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $93.71.

ATI Trading Down 2.2%

NYSE:ATI opened at $98.95 on Monday. The stock’s 50 day moving average price is $81.93 and its 200 day moving average price is $79.06. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $103.64. The company has a market capitalization of $13.64 billion, a P/E ratio of 32.02, a P/E/G ratio of 1.47 and a beta of 1.29. 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 (NYSE:ATI) last released its quarterly earnings data 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. ATI had a return on equity of 23.34% and a net margin of 9.71%.The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’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. 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.

Insider Buying and Selling

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the transaction, the chairman owned 306,538 shares in the company, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kimberly A. Fields sold 21,154 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $82.03, for a total value of $1,735,262.62. Following the completion of the transaction, the chief executive officer owned 223,821 shares in the company, valued at $18,360,036.63. This represents a 8.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,560 shares of company stock worth $10,152,080 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

ATI Company Profile

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.