Emerald Advisers LLC Trims Stock Holdings in ATI Inc. $ATI

Emerald Advisers LLC lessened its stake in shares of ATI Inc. (NYSE:ATI) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,088 shares of the basic materials company’s stock after selling 5,775 shares during the quarter. Emerald Advisers LLC owned 0.23% of ATI worth $25,467,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATI. Geode Capital Management LLC lifted its holdings 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 worth $210,353,000 after acquiring an additional 57,883 shares during the last quarter. Norges Bank purchased a new position in ATI in the second quarter valued at $146,726,000. Charles Schwab Investment Management Inc. grew its stake in ATI by 0.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock worth $129,288,000 after purchasing an additional 4,917 shares in the last quarter. Bowen Hanes & Co. Inc. increased its holdings in ATI by 0.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 1,375,560 shares of the basic materials company’s stock worth $118,766,000 after purchasing an additional 4,225 shares during the period. Finally, Raymond James Financial Inc. increased its holdings 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 worth $81,487,000 after purchasing an additional 98,537 shares during the period.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy J. Harris sold 10,542 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president owned 98,310 shares in the company, valued at $9,622,582.80. This represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 158,630 shares of company stock worth $16,144,855. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATI. BTIG Research reissued a “buy” rating and set a $120.00 price objective on shares of ATI in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Alembic Global Advisors began coverage on shares of ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective on the stock. Finally, KeyCorp boosted their target price on shares of ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, ATI has a consensus rating of “Moderate Buy” and a consensus price target of $117.75.

ATI Stock Up 1.0%

Shares of NYSE:ATI opened at $124.54 on Thursday. The firm has a 50 day simple moving average of $110.20 and a 200-day simple moving average of $92.95. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $127.11. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $16.92 billion, a PE ratio of 40.30, a P/E/G ratio of 1.18 and a beta of 1.02.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping 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 firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $0.60 EPS. ATI’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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, equities analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

About ATI

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.