Insider Selling: ATI (NYSE:ATI) VP Sells 16,500 Shares of Stock

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 16,500 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $207.54, for a total transaction of $3,424,410.00. Following the sale, the vice president directly owned 113,687 shares in the company, valued at approximately $23,594,599.98. This represents a 12.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ATI Price Performance

ATI stock traded down $7.43 during mid-day trading on Thursday, reaching $199.10. The company had a trading volume of 1,324,828 shares, compared to its average volume of 1,874,008. The stock’s 50-day simple moving average is $202.90 and its 200-day simple moving average is $178.21. 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 current ratio of 2.33 and a quick ratio of 1.14. The company has a market capitalization of $27.11 billion, a P/E ratio of 58.39, a P/E/G ratio of 1.26 and a beta of 1.01.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The company’s quarterly 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. On average, equities analysts predict that ATI Inc. will post 5.11 EPS for the current year.

Institutional Trading of ATI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its stake in shares of ATI by 485.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 33,554 shares of the basic materials company’s stock valued at $6,613,000 after acquiring an additional 27,826 shares during the last quarter. Arlington Capital Management Inc. purchased a new position in shares of ATI during the 2nd quarter worth about $239,000. WINTON GROUP Ltd lifted its holdings in shares of ATI by 50.5% during the 2nd quarter. WINTON GROUP Ltd now owns 13,394 shares of the basic materials company’s stock worth $2,640,000 after acquiring an additional 4,494 shares during the period. Engineers Gate Manager LP boosted its position in shares of ATI by 26.3% in the second quarter. Engineers Gate Manager LP now owns 87,049 shares of the basic materials company’s stock worth $17,157,000 after acquiring an additional 18,104 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of ATI by 7.8% in the second quarter. Integrated Wealth Concepts LLC now owns 5,890 shares of the basic materials company’s stock worth $1,161,000 after acquiring an additional 425 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATI. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. BTIG Research boosted their price objective on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. TD Cowen raised their target price on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, KeyCorp lifted their target price on shares of ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $232.00.

About ATI

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.