Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Buys New Stake in ATI Inc. $ATI

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in ATI Inc. (NYSE:ATI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,000 shares of the basic materials company’s stock, valued at approximately $4,730,000. ATI makes up approximately 0.6% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s investment portfolio, making the stock its 24th biggest holding.

Several other large investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after buying an additional 415,479 shares during the last quarter. Capital Research Global Investors increased its position in ATI by 12.0% in the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after purchasing an additional 386,754 shares during the last quarter. Invesco Ltd. grew its stake in shares of ATI by 7.4% in the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after buying an additional 233,010 shares in the last quarter. Norges Bank bought a new stake in shares of ATI in the 4th quarter worth about $198,787,000. Finally, Bank of America Corp DE raised its position in shares of ATI by 70.8% during the 1st quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company’s stock valued at $198,544,000 after buying an additional 565,867 shares in the last quarter.

ATI Trading Up 0.7%

ATI opened at $228.76 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The stock’s fifty day moving average is $197.35 and its two-hundred day moving average is $168.14. The company has a market capitalization of $31.15 billion, a P/E ratio of 67.08, a PEG ratio of 1.38 and a beta of 0.98. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $243.57.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. 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 5.15 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Kimberly A. Fields sold 59,749 shares of the business’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 completion of the sale, the chief executive officer owned 218,014 shares in the company, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 152,199 shares of company stock worth $28,232,700. Company insiders own 0.98% of the company’s stock.

Wall Street Analyst Weigh In

ATI has been the subject of several analyst reports. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Susquehanna upped their price target on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a report on Friday, August 7th. TD Cowen raised their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, KeyCorp upped their target price on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat.com, ATI has a consensus rating of “Buy” and a consensus price target of $232.00.

ATI 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.