ATI (NYSE:ATI) Trading Down 4% Following Insider Selling

Shares of ATI Inc. (NYSE:ATI) fell 4% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $187.85 and last traded at $181.97. 140,029 shares were traded during trading, a decline of 92% from the average daily volume of 1,854,331 shares. The stock had previously closed at $189.65.

Specifically, VP Timothy Harris sold 16,500 shares of ATI stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $193.06, for a total transaction of $3,185,490.00. Following the sale, the vice president owned 97,187 shares in the company, valued at $18,762,922.22. This trade represents a 14.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wall Street Analyst Weigh In

ATI has been the topic of several recent analyst reports. KeyCorp boosted their price target on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, TD Cowen raised their target price on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $232.00.

ATI Stock Down 2.8%

The firm has a market cap of $25.10 billion, a price-to-earnings ratio of 54.05, a price-to-earnings-growth ratio of 1.13 and a beta of 1.01. The stock’s 50 day moving average is $203.41 and its 200 day moving average is $179.33. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91.

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

Institutional Trading of ATI

Several institutional investors have recently modified their holdings of ATI. CoreCap Advisors LLC acquired a new position in ATI during the second quarter worth about $30,000. Signature Equity Partners LLC boosted its position in shares of 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 purchasing an additional 123 shares in the last quarter. Triumph Capital Management grew its stake in shares of ATI by 22.4% in the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 58 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in ATI in the second quarter worth approximately $73,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of ATI during the second quarter worth $77,000.

About ATI

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.