ATI (NYSE:ATI) Trading Down 6.4% – Here’s What Happened

ATI Inc. (NYSE:ATI) shares fell 6.4% during mid-day trading on Monday . The company traded as low as $78.15 and last traded at $77.53. 1,831,424 shares were traded during mid-day trading, a decline of 9% from the average session volume of 2,021,847 shares. The stock had previously closed at $82.81.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATI. BTIG Research reissued a “buy” rating and issued a $120.00 target price on shares of ATI in a report on Friday, September 12th. Barclays increased their target price on ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Susquehanna dropped their target price on ATI from $105.00 to $100.00 and set a “positive” rating for the company in a report on Friday, August 1st. Zacks Research upgraded ATI to a “hold” rating in a research report on Tuesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the stock a “hold” rating in a research report on Tuesday, July 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.29.

ATI Price Performance

The stock has a market capitalization of $10.91 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 1.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. The stock has a 50-day simple moving average of $79.02 and a 200 day simple moving average of $72.43.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. On average, equities analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 20,312 shares of ATI stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $80.33, for a total transaction of $1,631,662.96. Following the transaction, the chief executive officer directly owned 244,975 shares in the company, valued at approximately $19,678,841.75. The trade was a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the sale, the director directly owned 44,777 shares in the company, valued at $3,394,544.37. This represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,153 shares of company stock worth $7,199,308. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of ATI

Several hedge funds and other institutional investors have recently modified their holdings of ATI. WPG Advisers LLC acquired a new stake in shares of ATI in the 1st quarter valued at about $29,000. Golden State Wealth Management LLC increased its position in shares of ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 304 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of ATI by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 171 shares during the last quarter. Signaturefd LLC increased its position in shares of ATI by 117.7% in the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 206 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 386 shares during the last quarter.

About ATI

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.