Focus Partners Advisor Solutions LLC purchased a new stake in shares of ATI Inc. (NYSE:ATI – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 3,438 shares of the basic materials company’s stock, valued at approximately $678,000.
Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in ATI in the 2nd quarter valued at approximately $30,000. Signature Equity Partners LLC grew its stake in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of ATI during the first quarter worth $60,000. Hollencrest Capital Management increased its holdings in shares of ATI by 283.1% during the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after buying an additional 334 shares in the last quarter. Finally, Torren Management LLC bought a new position in shares of ATI in the 4th quarter valued at $52,000.
Wall Street Analysts Forecast Growth
ATI has been the topic of several recent research reports. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. KeyCorp increased their target price on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Wells Fargo & Company reissued an “overweight” rating and set a $275.00 price target on shares of ATI in a research note on Monday, August 10th. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, TD Cowen upped their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. One equities research 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, ATI presently has a consensus rating of “Buy” and an average target price of $232.00.
Insider Buying and Selling at ATI
In other news, CEO Kimberly A. Fields sold 31,757 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total transaction of $6,065,269.43. Following the completion of the transaction, the chief executive officer directly owned 125,564 shares in the company, valued at $23,981,468.36. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 152,199 shares of company stock valued at $28,232,700 over the last ninety days. Corporate insiders own 0.98% of the company’s stock.
ATI Stock Performance
Shares of ATI stock opened at $231.48 on Tuesday. 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 Inc. has a twelve month low of $70.42 and a twelve month high of $243.57. The stock has a market cap of $31.52 billion, a price-to-earnings ratio of 67.88, a P/E/G ratio of 1.38 and a beta of 0.98. The company’s fifty day moving average is $198.37 and its 200 day moving average is $169.21.
ATI (NYSE:ATI – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The business 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%.ATI’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts forecast that ATI Inc. will post 5.15 EPS for the current year.
About ATI
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.
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