Jupiter Topco LLC Makes New Investment in ATI Inc. $ATI

Jupiter Topco LLC bought a new position in shares of ATI Inc. (NYSE:ATI) during the second quarter, HoldingsChannel reports. The fund bought 60,508 shares of the basic materials company’s stock, valued at approximately $11,924,000.

Several other institutional investors also recently modified their holdings of ATI. BlackRock Inc. acquired a new stake in shares of ATI during the 2nd quarter valued at $3,687,529,000. Norges Bank bought a new stake in ATI during the 4th quarter worth $198,787,000. SG Americas Securities LLC increased its holdings in ATI by 1,471.8% in the 1st quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after purchasing an additional 1,006,951 shares in the last quarter. AQR Capital Management LLC increased its holdings in ATI by 684.9% in the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after purchasing an additional 889,912 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in ATI in the second quarter valued at about $168,996,000.

Analysts Set New Price Targets

ATI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $262.00 price target on shares of ATI in a research note on Monday, August 10th. Susquehanna upped their price objective on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Wells Fargo & Company reiterated an “overweight” rating and issued a $275.00 price objective on shares of ATI in a report on Monday, August 10th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, TD Cowen boosted their target price on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. One 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, ATI has an average rating of “Buy” and an average target price of $232.00.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 24,845 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the completion of the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 177,044 shares of company stock worth $33,976,616. 0.98% of the stock is owned by corporate insiders.

ATI Trading Down 2.0%

ATI opened at $210.29 on Friday. ATI Inc. has a twelve month low of $74.45 and a twelve month high of $243.57. The company has a fifty day moving average of $201.64 and a 200-day moving average of $174.45. The stock has a market cap of $28.64 billion, a PE ratio of 61.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. 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 (NYSE:ATI) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. 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, sell-side analysts predict that ATI Inc. will post 5.15 EPS for the current year.

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.