Amundi Raises Holdings in ATI Inc. $ATI

Amundi lifted its holdings in shares of ATI Inc. (NYSE:ATI) by 38.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,541 shares of the basic materials company’s stock after purchasing an additional 28,215 shares during the period. Amundi owned about 0.07% of ATI worth $4,963,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Appian Way Asset Management LP acquired a new stake in ATI during the first quarter worth approximately $4,775,000. Dark Forest Capital Management LP purchased a new position in shares of ATI in the 1st quarter valued at $3,353,000. PDT Partners LLC raised its stake in shares of ATI by 15.4% in the 1st quarter. PDT Partners LLC now owns 98,362 shares of the basic materials company’s stock valued at $5,118,000 after acquiring an additional 13,100 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of ATI in the 1st quarter valued at $12,954,000. Finally, Royal Bank of Canada increased its stake in ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after buying an additional 4,542 shares during the period.

ATI Stock Up 1.9%

ATI stock opened at $76.29 on Thursday. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $96.20. The firm has a market cap of $10.52 billion, a PE ratio of 26.49, a P/E/G ratio of 1.02 and a beta of 1.27. The firm has a 50 day simple moving average of $81.54 and a 200 day simple moving average of $70.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20.

ATI (NYSE:ATI) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. Equities research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ATI shares. KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, May 20th. Zacks Research raised shares of ATI to a “hold” rating in a research report on Tuesday, August 12th. Citigroup raised shares of ATI to a “positive” rating in a research report on Tuesday, May 20th. Barclays boosted their target price on shares of ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Six 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.29.

Insider Activity

In other ATI news, Director David J. Morehouse sold 7,900 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the sale, the director directly owned 44,777 shares of the company’s stock, valued at $3,394,544.37. The trade was a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kimberly A. Fields sold 15,941 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $77.52, for a total transaction of $1,235,746.32. Following the completion of the sale, the chief executive officer directly owned 265,287 shares of the company’s stock, valued at $20,565,048.24. This represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,841 shares of company stock worth $5,567,645 over the last 90 days. 1.10% of the stock is owned by company insiders.

ATI Company 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.