ATI (NYSE:ATI) VP Sells $1,726,380.00 in Stock

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 9,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $191.82, for a total value of $1,726,380.00. Following the transaction, the vice president directly owned 88,187 shares in the company, valued at $16,916,030.34. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

ATI Trading Down 0.3%

NYSE ATI opened at $185.57 on Friday. ATI Inc. has a 1-year low of $76.78 and a 1-year high of $243.57. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average of $203.25 and a 200-day moving average of $180.55. The firm has a market cap of $25.27 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 1.13 and a beta of 1.01.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.ATI’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, sell-side analysts forecast that ATI Inc. will post 5.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in ATI in the second quarter worth $30,000. Signature Equity Partners LLC lifted its position in ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 123 shares during the period. Triumph Capital Management lifted its position in ATI by 22.4% during the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 58 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in ATI during the second quarter worth about $73,000. Finally, Meeder Asset Management Inc. purchased a new stake in ATI in the second quarter worth about $77,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BTIG Research increased their target price on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Susquehanna boosted their price target on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $262.00 price target on shares of ATI in a research report on Monday, August 10th. TD Cowen increased their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, KeyCorp lifted their price objective on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $232.00.

ATI Company Profile

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving aerospace and defense, medical, energy, transportation, and other demanding industrial markets. The company develops and produces advanced alloys and engineered materials designed to perform in high-temperature, corrosive, and high-stress environments.

ATI’s products include nickel-based superalloys, titanium and titanium-based materials, specialty stainless steels, zirconium and other specialty alloys. Its manufacturing capabilities also include precision forgings, castings, rolled products, and machined components used in aircraft engines, airframes, power-generation equipment, medical devices, and industrial applications.

The company was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc’s specialty metals operations and adopted the name ATI Inc in 2021.