Senator Investment Group LP Has $15.77 Million Stock Holdings in ATI Inc. $ATI

Senator Investment Group LP trimmed its holdings in shares of ATI Inc. (NYSE:ATI) by 44.8% during the second quarter, HoldingsChannel reports. The fund owned 80,000 shares of the basic materials company’s stock after selling 65,000 shares during the quarter. Senator Investment Group LP’s holdings in ATI were worth $15,768,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ATI. BlackRock Inc. acquired a new position in ATI in the second quarter valued at $3,687,529,000. Bank of America Corp DE acquired a new stake in ATI in the second quarter valued at approximately $348,285,000. Norges Bank bought a new stake in ATI during the 4th quarter valued at $198,787,000. SG Americas Securities LLC increased its position in shares of ATI by 1,471.8% during the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after acquiring an additional 1,006,951 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in ATI by 684.9% during 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.

ATI Trading Down 0.2%

Shares of NYSE:ATI opened at $210.29 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. The company has a market cap of $28.64 billion, a P/E ratio of 61.67, a PEG ratio of 1.27 and a beta of 0.98. The stock’s fifty day moving average price is $201.64 and its 200-day moving average price is $174.72. ATI Inc. has a 1 year low of $74.45 and a 1 year high of $243.57.

ATI (NYSE:ATI) last released its quarterly earnings data 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 net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue 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. Sell-side analysts expect that ATI Inc. will post 5.15 earnings per share for the current year.

Insider Activity at ATI

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 sale, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 177,044 shares of company stock valued at $33,976,616. Company insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. BTIG Research lifted their price target on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wells Fargo & Company reissued an “overweight” rating and set a $275.00 price objective on shares of ATI in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $232.00.

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.