Headlands Technologies LLC Purchases 5,013 Shares of ATI Inc. $ATI

Headlands Technologies LLC increased its position in ATI Inc. (NYSE:ATI) by 152.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,300 shares of the basic materials company’s stock after purchasing an additional 5,013 shares during the quarter. Headlands Technologies LLC’s holdings in ATI were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC raised its holdings in ATI by 15.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 95,495 shares of the basic materials company’s stock worth $18,822,000 after purchasing an additional 12,709 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its position in ATI by 58.4% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 45,845 shares of the basic materials company’s stock valued at $9,036,000 after acquiring an additional 16,896 shares during the period. Rational Advisors Inc. lifted its position in ATI by 104.3% during the 2nd quarter. Rational Advisors Inc. now owns 14,100 shares of the basic materials company’s stock valued at $2,779,000 after acquiring an additional 7,200 shares during the period. Greenleaf Trust bought a new stake in ATI during the second quarter worth about $253,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ATI by 20.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 428,271 shares of the basic materials company’s stock worth $84,412,000 after purchasing an additional 73,534 shares during the period.

ATI Trading Down 3.1%

Shares of NYSE ATI opened at $204.29 on Tuesday. The firm’s 50 day moving average price is $201.65 and its 200-day moving average price is $175.20. ATI Inc. has a 52-week low of $74.45 and a 52-week high of $243.57. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The company has a market cap of $27.82 billion, a PE ratio of 59.91, a P/E/G ratio of 1.27 and a beta of 0.98.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’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, equities research analysts expect that ATI Inc. will post 5.15 EPS for the current fiscal year.

Insider Activity at ATI

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of ATI stock in a transaction on Monday, August 17th. The stock was sold at an average price of $231.19, for a total value 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 approximately $23,285,225.61. This trade represents a 19.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 117,295 shares of company stock valued at $23,277,362. 0.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ATI has been the subject of several recent research reports. TD Cowen lifted their target price on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $275.00 price objective on shares of ATI in a research report on Monday, August 10th. KeyCorp boosted their target price on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Susquehanna increased their target price on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat, ATI currently 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.