Charles Schwab Investment Management Inc. Increases Stock Holdings in ATI Inc. $ATI

Charles Schwab Investment Management Inc. increased its holdings in shares of ATI Inc. (NYSE:ATI) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,497,433 shares of the basic materials company’s stock after buying an additional 4,917 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.09% of ATI worth $129,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ATI. Forest Avenue Capital Management LP acquired a new position in shares of ATI during the 1st quarter valued at about $44,867,000. Senator Investment Group LP grew its holdings in ATI by 68.7% in the first quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company’s stock valued at $63,086,000 after purchasing an additional 493,944 shares during the period. Trexquant Investment LP acquired a new position in ATI during the first quarter worth approximately $21,807,000. Northern Trust Corp raised its stake in ATI by 33.4% during the first quarter. Northern Trust Corp now owns 1,262,761 shares of the basic materials company’s stock worth $65,701,000 after purchasing an additional 316,090 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in ATI by 35.5% during the first quarter. Neuberger Berman Group LLC now owns 1,132,296 shares of the basic materials company’s stock worth $58,913,000 after purchasing an additional 296,634 shares during the period.

Insider Activity

In other news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $93.26, for a total transaction of $242,289.48. Following the sale, the senior vice president directly owned 21,274 shares of the company’s stock, valued at approximately $1,984,013.24. The trade was a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total value of $1,031,850.96. Following the completion of the transaction, the vice president owned 98,310 shares in the company, valued at approximately $9,622,582.80. This trade represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 183,328 shares of company stock worth $16,667,123. Corporate insiders own 1.10% of the company’s stock.

ATI Stock Performance

ATI stock opened at $100.37 on Friday. The firm has a market capitalization of $13.64 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32. ATI Inc. has a one year low of $39.23 and a one year high of $103.64. The stock’s 50 day moving average price is $89.84 and its 200 day moving average price is $84.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 2.50.

ATI (NYSE:ATI) last issued its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.10. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $0.60 earnings per share. ATI’s revenue for the quarter was up 7.1% on a year-over-year basis. 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, sell-side analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

ATI has been the subject of several research reports. KeyCorp upgraded ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Thursday, November 13th. Barclays upped their price target on ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Susquehanna raised their price objective on ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, BTIG Research reissued a “buy” rating and set a $120.00 target price on shares of ATI in a research report on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.00.

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.