Englebert Financial Advisers LLC acquired a new position in ATI Inc. (NYSE:ATI – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,457 shares of the basic materials company’s stock, valued at approximately $844,000.
Several other institutional investors and hedge funds also recently bought and sold shares of ATI. BlackRock Inc. purchased a new stake in shares of ATI during the second quarter worth $3,687,529,000. Bank of America Corp DE bought a new stake in shares of ATI during the 2nd quarter valued at $348,285,000. Arrowstreet Capital Limited Partnership raised its stake in shares of ATI by 231.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company’s stock valued at $175,094,000 after purchasing an additional 840,455 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of ATI during the 2nd quarter valued at $168,996,000. Finally, Artemis Investment Management LLP lifted its holdings in ATI by 1.5% during the 3rd quarter. Artemis Investment Management LLP now owns 854,431 shares of the basic materials company’s stock worth $161,829,000 after purchasing an additional 12,938 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. KeyCorp dropped their price objective on ATI from $258.00 to $228.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. TD Cowen upped their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Susquehanna increased their price target on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday, August 7th. One research 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, the stock currently has an average rating of “Buy” and an average price target of $223.88.
Get Our Latest Stock Report on ATI
ATI Trading Down 3.4%
ATI stock opened at $182.83 on Wednesday. The stock has a market cap of $24.90 billion, a P/E ratio of 53.62, a PEG ratio of 1.15 and a beta of 0.99. ATI Inc. has a fifty-two week low of $81.34 and a fifty-two week high of $243.57. The firm’s fifty day moving average price is $199.31 and its 200-day moving average price is $185.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33.
ATI (NYSE:ATI – Get 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 analysts’ consensus estimates of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. 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 research analysts forecast that ATI Inc. will post 5.13 earnings per share for the current fiscal year.
Insider Buying and Selling at ATI
In other news, CEO Kimberly Fields sold 24,845 shares of ATI stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the completion of the sale, the chief executive officer owned 100,719 shares in the company, valued at approximately $23,285,225.61. This trade represents a 19.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy Harris sold 9,000 shares of ATI stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $191.82, for a total value of $1,726,380.00. Following the sale, the vice president owned 88,187 shares of the company’s stock, valued at approximately $16,916,030.34. This trade represents a 9.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 117,587 shares of company stock valued at $24,111,631 in the last 90 days. Corporate insiders own 0.98% of the company’s stock.
ATI Company Profile
ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving demanding applications in the aerospace and defense, medical, energy, and industrial markets. The company develops and produces materials designed to perform in high-temperature, high-strength, and corrosion-resistant environments.
Its products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, precision-rolled materials, forgings, and other engineered components. These products are used in aircraft engines and airframes, defense systems, medical implants and devices, power-generation equipment, and other industrial applications.
ATI was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc The company serves customers in the United States and international markets through manufacturing and processing operations across North America and Europe.
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