Federated Hermes Inc. Purchases 5,462 Shares of ATI Inc. $ATI

Federated Hermes Inc. grew its position in ATI Inc. (NYSE:ATI) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 448,485 shares of the basic materials company’s stock after purchasing an additional 5,462 shares during the quarter. Federated Hermes Inc. owned about 0.33% of ATI worth $38,722,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Invesco Ltd. boosted its stake in ATI by 3.3% in the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company’s stock valued at $252,368,000 after purchasing an additional 153,939 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ATI by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company’s stock worth $136,164,000 after buying an additional 59,811 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ATI by 2.4% in the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after acquiring an additional 57,883 shares during the period. Norges Bank bought a new stake in shares of ATI in the second quarter valued at about $146,726,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of ATI by 0.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock valued at $129,288,000 after acquiring an additional 4,917 shares in the last quarter.

Analyst Ratings Changes

ATI has been the subject of several analyst reports. Susquehanna lifted their price objective on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. BTIG Research reaffirmed a “buy” rating and set a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of ATI in a research report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded ATI to a “hold” rating in a research note on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ATI currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Insiders Place Their Bets

In related news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the transaction, the chairman owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. This represents a 19.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 167,387 shares of company stock valued at $15,431,377. 1.10% of the stock is owned by corporate insiders.

ATI Stock Performance

NYSE ATI opened at $99.35 on Tuesday. The firm’s 50 day simple moving average is $92.68 and its 200 day simple moving average is $85.45. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 32.15, a P/E/G ratio of 1.31 and a beta of 1.08. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $103.64.

ATI (NYSE:ATI) last released its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. As a group, research analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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.