ATI Inc. $ATI Shares Sold by Ensign Peak Advisors Inc

by · The Cerbat Gem

Ensign Peak Advisors Inc decreased its position in shares of ATI Inc. (NYSE:ATI – Free Report) by 15.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,941 shares of the basic materials company’s stock after selling 6,950 shares during the quarter. Ensign Peak Advisors Inc’s holdings in ATI were worth $3,362,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ATI. Public Employees Retirement System of Ohio grew its position in ATI by 14.1% in 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 purchasing an additional 5,466 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of ATI by 104.3% during the first quarter. Intech Investment Management LLC now owns 58,458 shares of the basic materials company’s stock worth $3,042,000 after buying an additional 29,838 shares during the period. Quarry LP grew its holdings in ATI by 216.6% in the 1st quarter. Quarry LP now owns 1,770 shares of the basic materials company’s stock worth $92,000 after buying an additional 1,211 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ATI by 10.2% in 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 acquiring an additional 61,021 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in ATI by 79.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 171 shares in the last quarter.

Wall Street Analyst Weigh In

ATI has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. Zacks Research upgraded shares of ATI to a “hold” rating in a research report on Tuesday, August 12th. KeyCorp raised 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 note on Thursday, November 13th. BTIG Research reiterated a “buy” rating and issued a $120.00 price objective on shares of ATI in a report on Wednesday, October 29th. Finally, Barclays raised their price objective on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, ATI presently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

View Our Latest Analysis on ATI

Insider Activity

In related news, VP Timothy J. Harris sold 10,543 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total value of $1,029,945.67. Following the completion of the sale, the vice president owned 119,394 shares in the company, valued at approximately $11,663,599.86. This represents a 8.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the firm’s 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 directly owned 246,538 shares of the company’s stock, valued at $24,244,546.92. This represents a 19.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 183,328 shares of company stock valued at $16,667,123. Corporate insiders own 1.10% of the company’s stock.

ATI Stock Performance

ATI opened at $99.30 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The firm has a market cap of $13.49 billion, a PE ratio of 32.14, a P/E/G ratio of 1.47 and a beta of 1.32. The business has a fifty day simple moving average of $89.00 and a 200-day simple moving average of $83.88. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $103.64.

ATI (NYSE:ATI – Get Free Report) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business 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 posted $0.60 earnings per share. ATI’s revenue was up 7.1% compared to the same quarter last year. 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 predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

About ATI

(Free Report)

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.

See Also

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