ATI (NYSE:ATI) VP Timothy Harris Sells 10,542 Shares

by · The Cerbat Gem

ATI Inc. (NYSE:ATI – Get Free Report) VP Timothy Harris sold 10,542 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $97.77, for a total transaction of $1,030,691.34. Following the completion of the transaction, the vice president directly owned 108,852 shares of the company’s stock, valued at approximately $10,642,460.04. The trade was a 8.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ATI Price Performance

Shares of ATI opened at $95.41 on Friday. The business has a 50-day simple moving average of $87.80 and a two-hundred day simple moving average of $83.10. The company has a quick ratio of 1.20, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $103.64. The stock has a market cap of $12.96 billion, a PE ratio of 30.33, a PEG ratio of 1.47 and a beta of 1.32.

ATI (NYSE:ATI – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. Analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Institutional Trading of ATI

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lido Advisors LLC boosted its stake in ATI by 2.7% in the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 101 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of ATI by 2.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock worth $360,000 after purchasing an additional 102 shares during the period. Smartleaf Asset Management LLC lifted its stake in ATI by 12.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 118 shares during the last quarter. Fifth Third Bancorp grew its holdings in ATI by 11.4% during the second quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 128 shares during the period. Finally, Farther Finance Advisors LLC increased its position in ATI by 10.9% in the second quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock worth $126,000 after buying an additional 143 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BTIG Research reaffirmed a “buy” rating and set a $120.00 target price on shares of ATI in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research note on Thursday, November 13th. Barclays lifted 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. Finally, Zacks Research raised shares of ATI to a “hold” rating in a research note on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

Check Out Our Latest Stock Report on ATI

ATI Company Profile

(Get 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.

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