Vise Technologies Inc. bought a new stake in ATI Inc. (NYSE:ATI – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,406 shares of the basic materials company’s stock, valued at approximately $671,000.
Several other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after purchasing an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after buying an additional 209,480 shares in the last quarter. Cetera Investment Advisers bought a new stake in ATI during the second quarter worth about $324,000. M&T Bank Corp bought a new stake in ATI during the second quarter worth about $317,000. Finally, First Trust Advisors LP increased its holdings in shares of ATI by 4.9% during the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after buying an additional 9,234 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ATI. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $262.00 target price on shares of ATI in a research note on Monday, August 10th. KeyCorp increased their price target on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $275.00 price target on shares of ATI in a report on Monday, August 10th. BTIG Research lifted their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat, ATI currently has an average rating of “Buy” and an average price target of $232.00.
Insiders Place Their Bets
In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 177,044 shares of company stock valued at $33,976,616. Insiders own 0.98% of the company’s stock.
ATI Trading Down 0.1%
ATI opened at $206.84 on Monday. ATI Inc. has a 1-year low of $71.94 and a 1-year high of $243.57. The stock has a market capitalization of $28.17 billion, a PE ratio of 60.66, a PEG ratio of 1.25 and a beta of 0.98. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $200.19 and a two-hundred day moving average price of $171.84.
ATI (NYSE:ATI – Get Free Report) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $0.74 earnings per share. ATI’s quarterly revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, equities analysts anticipate that ATI Inc. will post 5.15 earnings per share for the current fiscal year.
ATI 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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