ATI Inc. $ATI Shares Purchased by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in ATI Inc. (NYSE:ATI) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 370,012 shares of the basic materials company’s stock after acquiring an additional 7,480 shares during the period. Rhumbline Advisers owned approximately 0.27% of ATI worth $31,947,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Signaturefd LLC increased its holdings in 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 171 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of ATI in the first quarter worth about $29,000. Nomura Asset Management Co. Ltd. grew its stake in shares of ATI by 56.5% in 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. Finally, MAI Capital Management raised its holdings in shares of ATI by 38.6% during the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock valued at $75,000 after buying an additional 242 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ATI shares. JPMorgan Chase & Co. upped their price target on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Thursday, November 13th. Zacks Research raised shares of ATI to a “hold” rating in a report on Tuesday, August 12th. Susquehanna boosted their price objective on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Finally, Barclays upped their price objective on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, ATI has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

ATI Stock Performance

Shares of ATI opened at $99.30 on Wednesday. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $103.64. The business’s fifty day moving average price is $89.00 and its 200 day moving average price is $83.88. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.20. The stock has a market capitalization of $13.49 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

ATI (NYSE:ATI) last issued 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 during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business earned $0.60 EPS. 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. Equities research analysts forecast that ATI Inc. will post 2.89 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Kimberly A. Fields sold 21,153 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $85.87, for a total value of $1,816,408.11. Following the completion of the sale, the chief executive officer owned 202,668 shares in the company, valued at $17,403,101.16. This represents a 9.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the chairman owned 246,538 shares in the company, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 183,328 shares of company stock worth $16,667,123 over the last 90 days. Insiders own 1.10% of the company’s stock.

ATI 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.