Timothy Harris Sells 16,500 Shares of ATI (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 16,500 shares of ATI stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $207.54, for a total value of $3,424,410.00. Following the completion of the transaction, the vice president directly owned 113,687 shares in the company, valued at $23,594,599.98. This represents a 12.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

ATI Price Performance

NYSE ATI opened at $198.71 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. ATI Inc. has a 1 year low of $75.02 and a 1 year high of $243.57. The company has a market cap of $27.06 billion, a PE ratio of 58.27, a PEG ratio of 1.21 and a beta of 1.01. The stock’s 50-day moving average price is $203.34 and its two-hundred day moving average price is $178.63.

ATI (NYSE:ATI) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company 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. On average, analysts predict that ATI Inc. will post 5.11 EPS for the current year.

Institutional Investors Weigh In On ATI

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after purchasing an additional 209,480 shares in the last quarter. Cetera Investment Advisers acquired a new position in ATI in the 2nd quarter worth about $324,000. M&T Bank Corp acquired a new position in ATI in the 2nd quarter worth about $317,000. Finally, First Trust Advisors LP raised its stake in shares of ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after purchasing an additional 9,234 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on ATI shares. Susquehanna boosted their target price on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $275.00 price target on shares of ATI in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. Finally, Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.