ATI Inc. $ATI Position Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in ATI Inc. (NYSE:ATI) by 9.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,642 shares of the basic materials company’s stock after selling 13,327 shares during the quarter. New York State Teachers Retirement System owned 0.10% of ATI worth $19,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATI. Royal Bank of Canada increased its stake in shares of ATI by 8.1% in the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after purchasing an additional 209,480 shares during the last quarter. Cetera Investment Advisers acquired a new stake in ATI during the second quarter valued at $324,000. M&T Bank Corp purchased a new position in ATI in the second quarter valued at about $317,000. Finally, First Trust Advisors LP grew its stake in ATI by 4.9% in the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after purchasing an additional 9,234 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 price target on shares of ATI in a research note on Friday, May 1st. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company started coverage on shares of ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price objective on the stock. Finally, Weiss Ratings cut shares of ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $168.88.

Insider Buying and Selling

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on 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 transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 120,442 shares of company stock worth $21,219,431 in the last 90 days. Company insiders own 0.98% of the company’s stock.

ATI Stock Performance

ATI opened at $188.03 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. The company has a market cap of $25.66 billion, a PE ratio of 62.26, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96. The stock has a 50-day moving average of $175.53 and a 200-day moving average of $151.24. ATI Inc. has a 52-week low of $70.42 and a 52-week high of $205.31.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business earned $0.72 EPS. The firm’s revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, equities research analysts forecast that ATI Inc. will post 4.45 earnings per share for the current fiscal 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.