Strs Ohio Makes New Investment in ATI Inc. $ATI

Strs Ohio bought a new position in shares of ATI Inc. (NYSE:ATI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,018 shares of the basic materials company’s stock, valued at approximately $937,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Evergreen Capital Management LLC grew its stake in shares of ATI by 2.3% during the first quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company’s stock worth $413,000 after buying an additional 176 shares during the last quarter. Maven Securities LTD grew its stake in shares of ATI by 4.4% during the first quarter. Maven Securities LTD now owns 5,848 shares of the basic materials company’s stock worth $304,000 after buying an additional 248 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of ATI by 1.6% during the first quarter. Nisa Investment Advisors LLC now owns 17,261 shares of the basic materials company’s stock worth $898,000 after buying an additional 265 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of ATI by 104.1% during the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock worth $31,000 after buying an additional 304 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of ATI by 139.9% during the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company’s stock worth $34,000 after buying an additional 386 shares during the last quarter.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the sale, the chairman owned 306,538 shares of the company’s stock, valued at approximately $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the sale, the director directly owned 44,777 shares in the company, valued at $3,394,544.37. This trade represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,841 shares of company stock valued at $5,567,645. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ATI has been the topic of several analyst reports. Zacks Research raised shares of ATI to a “hold” rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on shares of ATI and gave the stock a “hold” rating in a research note on Tuesday, July 8th. BTIG Research reissued a “buy” rating and issued a $120.00 price objective on shares of ATI in a research note on Friday, September 12th. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Barclays boosted their price objective on shares of ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.29.

ATI Stock Performance

Shares of ATI opened at $80.50 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $11.10 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.27. The firm’s fifty day simple moving average is $80.41 and its two-hundred day simple moving average is $71.12. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $96.20.

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

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.