Corient Private Wealth LLC Sells 5,745 Shares of ATI Inc. $ATI

Corient Private Wealth LLC trimmed its holdings in shares of ATI Inc. (NYSE:ATI) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 299,064 shares of the basic materials company’s stock after selling 5,745 shares during the quarter. Corient Private Wealth LLC owned approximately 0.22% of ATI worth $25,821,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of ATI by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company’s stock valued at $136,164,000 after acquiring an additional 59,811 shares during the period. Geode Capital Management LLC lifted its position in ATI by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after purchasing an additional 57,883 shares in the last quarter. Norges Bank bought a new stake in ATI during the second quarter valued at about $146,726,000. Charles Schwab Investment Management Inc. increased its position in ATI by 0.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock worth $129,288,000 after buying an additional 4,917 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. raised its stake in shares of ATI by 0.3% in the second quarter. Bowen Hanes & Co. Inc. now owns 1,375,560 shares of the basic materials company’s stock worth $118,766,000 after buying an additional 4,225 shares during the period.

Analyst Upgrades and Downgrades

ATI has been the topic of several analyst reports. BTIG Research reaffirmed a “buy” rating and set a $120.00 price target on shares of ATI in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a research note on Wednesday, October 8th. KeyCorp raised ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ATI in a report on Monday. Finally, Susquehanna boosted their price target on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

ATI Stock Performance

NYSE:ATI opened at $107.71 on Thursday. The firm has a market capitalization of $14.63 billion, a PE ratio of 34.86, a PEG ratio of 1.38 and a beta of 1.08. The stock’s fifty day moving average is $96.07 and its 200 day moving average is $86.80. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $111.21. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 2.50.

ATI (NYSE:ATI) last posted its quarterly earnings data 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 business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. On average, sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Activity

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $93.26, for a total value of $242,289.48. Following the completion of the sale, the senior vice president owned 21,274 shares of the company’s stock, valued at $1,984,013.24. This trade represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total value of $1,031,850.96. Following the transaction, the vice president owned 98,310 shares of the company’s stock, valued at $9,622,582.80. This trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 167,387 shares of company stock valued at $15,431,377. Company insiders own 1.10% of the company’s stock.

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.