Confluence Wealth Services Inc. Invests $481,000 in ATI Inc. $ATI

Confluence Wealth Services Inc. acquired a new position in ATI Inc. (NYSE:ATI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,916 shares of the basic materials company’s stock, valued at approximately $481,000.

Several other large investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of ATI by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after buying an additional 57,883 shares during the last quarter. Norges Bank bought a new position in shares of ATI during the second quarter worth about $146,726,000. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 acquiring an additional 4,917 shares during the period. Bowen Hanes & Co. Inc. boosted its holdings in 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 valued at $118,766,000 after acquiring an additional 4,225 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in ATI by 11.7% during the 2nd quarter. Raymond James Financial Inc. now owns 943,789 shares of the basic materials company’s stock valued at $81,487,000 after purchasing an additional 98,537 shares during the period.

Insider Buying and Selling at ATI

In related news, 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 transaction of $1,031,850.96. Following the completion of the transaction, the vice president owned 98,310 shares of the company’s stock, valued at approximately $9,622,582.80. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tina Killough Busch sold 2,598 shares of the 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 completion of the sale, the senior vice president owned 21,274 shares in the company, valued at $1,984,013.24. This trade represents a 10.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,630 shares of company stock valued at $16,144,855 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

ATI Stock Down 0.9%

Shares of NYSE:ATI opened at $124.31 on Friday. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $127.11. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 1.19 and a beta of 1.02. The business’s 50 day moving average is $108.66 and its 200 day moving average is $92.16.

ATI (NYSE:ATI) last released its quarterly 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. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $0.60 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. 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 forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ATI shares. Susquehanna restated a “positive” rating and issued a $145.00 price target on shares of ATI in a research report on Thursday. BTIG Research reissued a “buy” rating and set a $120.00 target price on shares of ATI in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. KeyCorp lifted their price objective on ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Alembic Global Advisors initiated coverage on ATI in a research note on Thursday. They issued an “overweight” rating and a $141.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, ATI currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.75.

ATI Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.