Deutsche Bank AG Sells 118,938 Shares of ATI Inc. $ATI

Deutsche Bank AG cut its holdings in ATI Inc. (NYSE:ATI) by 93.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,885 shares of the basic materials company’s stock after selling 118,938 shares during the period. Deutsche Bank AG’s holdings in ATI were worth $462,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ATI. Woodline Partners LP grew its holdings in shares of ATI by 132.0% in the fourth quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company’s stock valued at $54,585,000 after acquiring an additional 564,308 shares in the last quarter. SG Capital Management LLC bought a new position in ATI during the fourth quarter valued at $18,443,000. Northern Trust Corp grew its holdings in ATI by 39.9% during the fourth quarter. Northern Trust Corp now owns 946,671 shares of the basic materials company’s stock valued at $52,105,000 after purchasing an additional 270,055 shares during the period. J. Goldman & Co LP bought a new position in ATI during the fourth quarter valued at $14,632,000. Finally, Point72 Asset Management L.P. grew its holdings in ATI by 39.6% during the fourth quarter. Point72 Asset Management L.P. now owns 797,814 shares of the basic materials company’s stock valued at $43,912,000 after purchasing an additional 226,138 shares during the period.

Insiders Place Their Bets

In related news, Director David J. Morehouse sold 7,900 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the sale, the director owned 44,777 shares in the company, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the completion of the sale, the chairman owned 306,538 shares in the company, valued at $22,886,127.08. This trade represents a 14.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 157,900 shares of company stock worth $12,610,399 in the last quarter. 1.10% of the stock is currently owned by company insiders.

ATI Trading Up 0.5%

Shares of ATI stock opened at $76.87 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $96.20. The company has a market capitalization of $10.59 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.04 and a beta of 1.20. The business’s fifty day moving average is $82.98 and its 200 day moving average is $69.15.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $0.60 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. On average, equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ATI. Susquehanna reduced their price objective on ATI from $105.00 to $100.00 and set a “positive” rating for the company in a report on Friday, August 1st. BTIG Research set a $120.00 price objective on ATI and gave the company a “buy” rating in a report on Monday, August 4th. KeyCorp lowered ATI from an “overweight” rating to a “sector weight” rating in a report on Tuesday, May 20th. Barclays raised their price target on ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Citigroup raised ATI to a “positive” rating in a report on Tuesday, May 20th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.29.

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.