ATI Inc. $ATI Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of ATI Inc. (NYSE:ATI) by 37.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 226,456 shares of the basic materials company’s stock after selling 136,436 shares during the period. New York State Common Retirement Fund’s holdings in ATI were worth $19,552,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of ATI by 14.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 44,195 shares of the basic materials company’s stock worth $3,816,000 after buying an additional 5,466 shares during the last quarter. Intech Investment Management LLC grew its position in shares of ATI by 104.3% in the first quarter. Intech Investment Management LLC now owns 58,458 shares of the basic materials company’s stock valued at $3,042,000 after purchasing an additional 29,838 shares during the last quarter. Quarry LP raised its position in shares of ATI by 216.6% during the 1st quarter. Quarry LP now owns 1,770 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 1,211 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in ATI by 79.5% in the 2nd 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. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in ATI by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 658,195 shares of the basic materials company’s stock valued at $34,246,000 after buying an additional 61,021 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ATI shares. Barclays upped their price objective on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Susquehanna lifted their price target on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research 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 report on Thursday, November 13th. Finally, Zacks Research upgraded ATI to a “hold” rating in a report on Tuesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

ATI Stock Down 1.6%

Shares of NYSE ATI opened at $99.19 on Tuesday. 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 Inc. has a 1 year low of $39.23 and a 1 year high of $103.64. The stock’s 50-day simple moving average is $90.63 and its 200-day simple moving average is $84.61. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 1.47 and a beta of 1.32.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating 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 quarter in the prior year, the business posted $0.60 earnings per share. ATI’s revenue for the quarter 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. As a group, equities analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 60,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $98.34, for a total value of $5,900,400.00. Following the completion of the transaction, the chairman owned 246,538 shares in the company, valued at $24,244,546.92. This represents a 19.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the sale, the vice president owned 98,310 shares in the company, valued at $9,622,582.80. This trade represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 183,328 shares of company stock worth $16,667,123. 1.10% of the stock is owned by company insiders.

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.