ATI Inc. $ATI Stock Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its stake in ATI Inc. (NYSE:ATI) by 1.5% during the third quarter, HoldingsChannel reports. The firm owned 854,431 shares of the basic materials company’s stock after purchasing an additional 12,938 shares during the period. ATI accounts for about 1.3% of Artemis Investment Management LLP’s holdings, making the stock its 19th largest position. Artemis Investment Management LLP’s holdings in ATI were worth $161,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in ATI in the 2nd quarter valued at about $3,687,529,000. Bank of America Corp DE purchased a new stake in shares of ATI in the second quarter valued at approximately $348,285,000. SG Americas Securities LLC grew its stake in ATI by 1,471.8% in 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 purchasing an additional 1,006,951 shares in the last quarter. Bank of New York Mellon Corp bought a new position in ATI in the second quarter worth approximately $168,996,000. Finally, Arrowstreet Capital Limited Partnership raised its position in ATI by 231.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company’s stock valued at $175,094,000 after purchasing an additional 840,455 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on ATI shares. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Wells Fargo & Company lowered their price target on shares of ATI from $275.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. Finally, BTIG Research lifted their price objective on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $223.88.

ATI Stock Down 0.7%

ATI stock traded down $1.41 during trading hours on Thursday, reaching $187.78. The stock had a trading volume of 253,111 shares, compared to its average volume of 1,837,392. The company has a market cap of $25.57 billion, a price-to-earnings ratio of 55.02, a PEG ratio of 1.18 and a beta of 0.99. The business’s 50 day moving average price is $202.99 and its 200-day moving average price is $182.99. ATI Inc. has a 52 week low of $79.29 and a 52 week high of $243.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $0.74 EPS. ATI’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 anticipate that ATI Inc. will post 5.11 EPS for the current year.

Insider Transactions at ATI

In related news, VP Timothy J. Harris sold 16,500 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $193.06, for a total transaction of $3,185,490.00. Following the transaction, the vice president directly owned 97,187 shares in the company, valued at $18,762,922.22. The trade was a 14.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David J. Morehouse sold 2,485 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the sale, the director owned 35,826 shares of the company’s stock, valued at approximately $7,222,879.86. This trade represents a 6.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 117,587 shares of company stock valued at $24,111,631. Corporate insiders own 0.98% of the company’s stock.

About ATI

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving the aerospace and defense, energy, medical, and industrial markets. The company develops and produces technically demanding materials and engineered components designed for applications that require high strength, heat resistance, corrosion resistance, or reduced weight.

ATI’s products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, cobalt- and zirconium-based alloys, and other advanced materials.