Friedenthal Financial bought a new position in shares of ATI Inc. (NYSE:ATI – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,741 shares of the basic materials company’s stock, valued at approximately $981,000.
Several other hedge funds and other institutional investors have also modified their holdings of ATI. Capital International Investors raised its holdings in ATI by 2.6% in the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after acquiring an additional 436,131 shares during the period. Capital World Investors lifted its position in ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after acquiring an additional 1,080,201 shares during the last quarter. State Street Corp boosted its holdings in shares of ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after acquiring an additional 415,479 shares during the period. Capital Research Global Investors boosted its holdings in shares of ATI by 12.0% during the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after acquiring an additional 386,754 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of ATI by 7.4% during the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after acquiring an additional 233,010 shares during the period.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Susquehanna boosted their price target on ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, April 10th. KeyCorp upped their price objective on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company assumed coverage on ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $194.00 price objective on shares of ATI in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.38.
Insiders Place Their Bets
In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 120,442 shares of company stock valued at $21,219,431. 0.98% of the stock is owned by insiders.
ATI Stock Performance
Shares of NYSE:ATI opened at $197.22 on Thursday. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $205.31. The company’s 50 day moving average price is $170.70 and its two-hundred day moving average price is $147.13. The firm has a market cap of $26.91 billion, a PE ratio of 65.30, a PEG ratio of 1.72 and a beta of 0.96. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.
ATI (NYSE:ATI – Get Free Report) last released its quarterly earnings results 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. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities research analysts predict that ATI Inc. will post 4.43 earnings per share for the current 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.
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