NewEdge Advisors LLC Purchases 3,869 Shares of ATI Inc. $ATI

NewEdge Advisors LLC lifted its position in shares of ATI Inc. (NYSE:ATIFree Report) by 3,869.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,969 shares of the basic materials company’s stock after buying an additional 3,869 shares during the quarter. NewEdge Advisors LLC’s holdings in ATI were worth $577,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after acquiring an additional 415,479 shares during the period. Capital Research Global Investors grew its position 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 purchasing an additional 386,754 shares in the last quarter. Invesco Ltd. raised its stake in ATI by 7.4% during the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after purchasing an additional 233,010 shares during the period. Norges Bank bought a new stake in ATI during the 4th quarter valued at approximately $198,787,000. Finally, Bank of America Corp DE lifted its holdings in ATI by 70.8% in the 1st quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company’s stock worth $198,544,000 after purchasing an additional 565,867 shares in the last quarter.

ATI Stock Performance

NYSE ATI opened at $209.31 on Friday. 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 Inc. has a 1-year low of $70.85 and a 1-year high of $243.57. The business has a 50 day simple moving average of $200.01 and a two-hundred day simple moving average of $171.24. The stock has a market capitalization of $28.50 billion, a PE ratio of 61.38, a P/E/G ratio of 1.30 and a beta of 0.98.

ATI (NYSE:ATIGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. 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, research analysts predict that ATI Inc. will post 5.15 EPS for the current fiscal year.

Analysts Set New Price Targets

ATI has been the subject of several recent analyst reports. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $262.00 target price on shares of ATI in a report on Monday, August 10th. Wells Fargo & Company restated an “overweight” rating and set a $275.00 target price on shares of ATI in a research report on Monday, August 10th. KeyCorp raised their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $232.00.

Check Out Our Latest Stock Report on ATI

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 24,845 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at $23,285,225.61. This represents a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 177,044 shares of company stock valued at $33,976,616 in the last quarter. Insiders own 0.98% of the company’s stock.

ATI Profile

(Free Report)

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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Institutional Ownership by Quarter for ATI (NYSE:ATI)

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