Hsbc Holdings PLC acquired a new position in shares of ATI Inc. (NYSE:ATI – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 65,083 shares of the basic materials company’s stock, valued at approximately $12,818,000.
Several other hedge funds have also recently added to or reduced their stakes in ATI. BlackRock Inc. acquired a new stake in shares of ATI in the 2nd quarter valued at $3,687,529,000. Norges Bank purchased a new stake in shares of ATI in the 4th quarter valued at about $198,787,000. SG Americas Securities LLC boosted its holdings in shares of ATI by 1,471.8% in the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock valued at $156,423,000 after acquiring an additional 1,006,951 shares during the period. AQR Capital Management LLC boosted its stake in ATI by 684.9% during the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after purchasing an additional 889,912 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of ATI during the second quarter worth about $168,996,000.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ATI shares. Susquehanna increased their price target on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday, August 7th. TD Cowen raised their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. KeyCorp boosted their price target on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, ATI currently has an average rating of “Buy” and a consensus price target of $232.00.
ATI Stock Performance
NYSE ATI opened at $210.29 on Friday. The firm has a market capitalization of $28.64 billion, a P/E ratio of 61.67, a P/E/G ratio of 1.29 and a beta of 0.98. 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 $74.45 and a 1-year high of $243.57. The business’s 50-day simple moving average is $201.64 and its 200-day simple moving average is $174.45.
ATI (NYSE:ATI – Get Free Report) last released 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. 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 analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The business’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. Equities analysts predict that ATI Inc. will post 5.15 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 177,044 shares of company stock valued at $33,976,616. 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.
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