Robeco Institutional Asset Management B.V. raised its holdings in shares of ATI Inc. (NYSE:ATI – Free Report) by 528.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 54,084 shares of the basic materials company’s stock after purchasing an additional 45,478 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ATI were worth $10,244,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Precision Wealth Strategies LLC purchased a new stake in shares of ATI in the first quarter worth approximately $1,009,000. Bank of Nova Scotia boosted its holdings in ATI by 92.9% during the 1st quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock valued at $67,951,000 after acquiring an additional 224,949 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in ATI during the 2nd quarter valued at $129,773,000. Illinois Municipal Retirement Fund purchased a new position in ATI during the 1st quarter valued at $1,106,000. Finally, Y Intercept Hong Kong Ltd bought a new position in ATI in the 1st quarter valued at $4,599,000.
ATI Stock Performance
ATI stock opened at $156.85 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The company has a market capitalization of $21.36 billion, a PE ratio of 46.00, a P/E/G ratio of 0.93 and a beta of 0.99. The company has a 50 day moving average price of $195.57 and a 200-day moving average price of $185.86. ATI Inc. has a fifty-two week low of $89.20 and a fifty-two week high of $243.57.
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 (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. ATI’s 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. As a group, equities analysts forecast that ATI Inc. will post 5.13 earnings per share for the current year.
Insider Buying and Selling at ATI
In other news, CEO Kimberly A. Fields sold 24,845 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. This represents a 19.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David J. Morehouse sold 2,485 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the transaction, the director owned 35,826 shares in the company, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 117,587 shares of company stock valued at $24,111,631 in the last ninety days. Corporate insiders own 0.98% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on ATI. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Susquehanna lifted their target price on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Wells Fargo & Company lowered their target price on shares of ATI from $275.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $262.00 price target on shares of ATI in a report on Monday, August 10th. Finally, BTIG Research raised their price target on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $223.88.
ATI 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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