Creative Planning Sells 1,195 Shares of ATI Inc. $ATI

Creative Planning lessened its position in ATI Inc. (NYSE:ATI) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,658 shares of the basic materials company’s stock after selling 1,195 shares during the quarter. Creative Planning’s holdings in ATI were worth $1,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATI. WPG Advisers LLC acquired a new stake in shares of ATI in the first quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in ATI by 79.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 171 shares during the period. Signaturefd LLC boosted its stake in ATI by 117.7% during the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 206 shares during the period. Headlands Technologies LLC acquired a new stake in ATI in the 1st quarter valued at approximately $47,000. Finally, Quarry LP increased its position in ATI by 216.6% in the 1st quarter. Quarry LP now owns 1,770 shares of the basic materials company’s stock worth $92,000 after buying an additional 1,211 shares during the period.

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $93.26, for a total value of $242,289.48. Following the sale, the senior vice president directly owned 21,274 shares in the company, valued at $1,984,013.24. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kimberly A. Fields sold 21,154 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the sale, the chief executive officer owned 223,821 shares of the company’s stock, valued at $18,360,036.63. This trade represents a 8.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 183,328 shares of company stock worth $16,667,123 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ATI has been the subject of several research reports. Barclays increased their price objective on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. KeyCorp raised shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Zacks Research raised ATI to a “hold” rating in a research report on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.00.

ATI Price Performance

NYSE:ATI opened at $99.30 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 2.50. The company has a 50-day moving average of $89.00 and a 200-day moving average of $83.88. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $103.64. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 1.47 and a beta of 1.32.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The firm’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 posted $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. As a group, equities research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal 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.