OP Asset Management Ltd Buys Shares of 22,985 ATI Inc. $ATI

OP Asset Management Ltd purchased a new position in shares of ATI Inc. (NYSE:ATI) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 22,985 shares of the basic materials company’s stock, valued at approximately $3,343,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its stake in ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after purchasing an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares in the last quarter. Cetera Investment Advisers acquired a new stake in ATI in the second quarter valued at $324,000. M&T Bank Corp acquired a new stake in ATI in the second quarter valued at $317,000. Finally, First Trust Advisors LP increased its position in shares of ATI by 4.9% in the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after buying an additional 9,234 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on ATI. Weiss Ratings downgraded ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday. Wells Fargo & Company initiated coverage on shares of ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price for the company. Finally, Susquehanna upped their price target on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ATI has an average rating of “Buy” and an average target price of $164.38.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 120,442 shares of company stock valued at $21,219,431. Insiders own 0.98% of the company’s stock.

ATI Stock Performance

ATI stock opened at $197.10 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. The stock has a fifty day moving average of $172.24 and a two-hundred day moving average of $148.17. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of 65.26, a PEG ratio of 1.70 and a beta of 0.96. ATI Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $205.31.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, analysts anticipate that ATI Inc. will post 4.43 EPS for the current fiscal year.

ATI Company Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.