Maryland State Retirement & Pension System Raises Position in ATI Inc. $ATI

Maryland State Retirement & Pension System lifted its position in shares of ATI Inc. (NYSE:ATI) by 17.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,798 shares of the basic materials company’s stock after purchasing an additional 1,032 shares during the period. Maryland State Retirement & Pension System’s holdings in ATI were worth $587,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ATI. Farther Finance Advisors LLC lifted its position in shares of ATI by 418.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 1,062 shares during the last quarter. GAMMA Investing LLC lifted its position in ATI by 39.2% in the first quarter. GAMMA Investing LLC now owns 3,478 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 979 shares during the last quarter. SG Americas Securities LLC lifted its position in ATI by 419.8% in the first quarter. SG Americas Securities LLC now owns 23,476 shares of the basic materials company’s stock valued at $1,221,000 after acquiring an additional 18,960 shares during the last quarter. Fifth Third Bancorp lifted its position in ATI by 115.7% in the first quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 603 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in ATI by 17.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,052 shares of the basic materials company’s stock valued at $1,460,000 after acquiring an additional 4,126 shares during the last quarter.

Insider Activity at ATI

In related news, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.81, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kimberly A. Fields sold 21,154 shares of ATI stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the completion of the sale, the chief executive officer owned 223,821 shares in the company, valued at approximately $18,360,036.63. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,307 shares of company stock worth $8,934,571 in the last ninety days. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on ATI shares. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $120.00 target price on shares of ATI in a research report on Friday, September 12th. Finally, Zacks Research upgraded shares of ATI to a “hold” rating in a research report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ATI currently has an average rating of “Moderate Buy” and an average price target of $90.86.

ATI Trading Up 3.7%

NYSE ATI opened at $83.00 on Tuesday. The firm has a market capitalization of $11.44 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.29. The company has a 50-day simple moving average of $77.48 and a 200-day simple moving average of $74.72. ATI Inc. has a one year low of $39.23 and a one year high of $96.20. 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 (NYSE:ATI) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. ATI’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. 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 analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

About ATI

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.