Expect Equity LLC bought a new position in ATI Inc. (NYSE:ATI – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,645 shares of the basic materials company’s stock, valued at approximately $4,463,000. ATI comprises about 2.9% of Expect Equity LLC’s portfolio, making the stock its 3rd largest position.
A number of other large investors also recently modified their holdings of the stock. Signature Equity Partners LLC boosted its position in ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of ATI in the 2nd quarter valued at about $30,000. Torren Management LLC bought a new stake in ATI in the fourth quarter valued at approximately $52,000. Summit Securities Group LLC bought a new stake in shares of ATI in the 1st quarter valued at $60,000. Finally, Hollencrest Capital Management raised its position in shares of ATI by 283.1% during the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 334 shares during the period.
Analysts Set New Price Targets
ATI has been the subject of several research analyst reports. BTIG Research upped their price target on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $262.00 target price on shares of ATI in a research note on Monday, August 10th. Wells Fargo & Company reiterated an “overweight” rating and set a $275.00 target price on shares of ATI in a report on Monday, August 10th. Finally, Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat.com, ATI currently has an average rating of “Buy” and an average price target of $232.00.
ATI Trading Up 2.6%
Shares of NYSE:ATI opened at $215.30 on Wednesday. The company’s 50-day moving average price is $200.87 and its two-hundred day moving average price is $173.04. 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 one year low of $73.10 and a one year high of $243.57. The stock has a market capitalization of $29.32 billion, a PE ratio of 63.14, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98.
ATI (NYSE:ATI – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.26 billion during 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%.ATI’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company 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, equities analysts forecast that ATI Inc. will post 5.15 EPS for the current fiscal year.
Insider Buying and Selling
In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction that occurred 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 in the company, 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 Securities & Exchange Commission, which is available through this link. Insiders sold 177,044 shares of company stock worth $33,976,616 over the last ninety days. Corporate insiders own 0.98% of the company’s stock.
ATI Company Profile
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.
Further Reading
- Five stocks we like better than ATI
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATI – Free Report).
Receive News & Ratings for ATI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATI and related companies with MarketBeat.com's FREE daily email newsletter.
