Crestwood Advisors Group LLC Reduces Stake in ATI Inc. $ATI

by · The Cerbat Gem

Crestwood Advisors Group LLC trimmed its position in shares of ATI Inc. (NYSE:ATI – Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,052 shares of the basic materials company’s stock after selling 999 shares during the period. Crestwood Advisors Group LLC’s holdings in ATI were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of ATI by 3.3% in the first quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company’s stock valued at $252,368,000 after purchasing an additional 153,939 shares in the last quarter. Dimensional Fund Advisors LP raised its position in ATI by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company’s stock valued at $136,164,000 after purchasing an additional 59,811 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of ATI by 4.5% during the 1st quarter. American Century Companies Inc. now owns 1,422,116 shares of the basic materials company’s stock valued at $73,993,000 after buying an additional 60,651 shares in the last quarter. Bowen Hanes & Co. Inc. lifted its holdings in shares of ATI by 0.3% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 1,371,335 shares of the basic materials company’s stock worth $71,351,000 after acquiring an additional 4,420 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in ATI by 33.4% in the first quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company’s stock worth $65,701,000 after purchasing an additional 316,090 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ATI shares. Barclays increased their price target 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. Susquehanna boosted their target price on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Zacks Research upgraded ATI to a “hold” rating in a research note on Tuesday, August 12th. BTIG Research reissued a “buy” rating and set a $120.00 price objective on shares of ATI in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.71.

Read Our Latest Research Report on ATI

Insider Activity at ATI

In related news, VP Timothy J. Harris sold 10,543 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.07, for a total value of $1,012,866.01. Following the transaction, the vice president directly owned 129,937 shares of the company’s stock, valued at approximately $12,483,047.59. The trade was a 7.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kimberly A. Fields sold 21,153 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the completion of the transaction, the chief executive officer directly owned 202,668 shares in the company, valued at $17,403,101.16. This trade represents a 9.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 89,103 shares of company stock worth $7,431,946 in the last three months. 1.10% of the stock is owned by corporate insiders.

ATI Stock Performance

Shares of ATI opened at $96.14 on Friday. The business has a 50-day simple moving average of $83.58 and a two-hundred day simple moving average of $80.02. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 1.47 and a beta of 1.32. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $103.64. 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 (NYSE:ATI – Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. On average, analysts expect that ATI Inc. will post 2.89 EPS for the current year.

ATI Profile

(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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