Mirae Asset Global Investments Co. Ltd. Purchases New Shares in ATI Inc. $ATI

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ATI Inc. (NYSE:ATI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,464 shares of the basic materials company’s stock, valued at approximately $845,000.

Other hedge funds have also modified their holdings of the company. Precision Wealth Strategies LLC purchased a new position in ATI during the first quarter worth $1,009,000. Bank of Nova Scotia raised its holdings in shares of ATI by 92.9% in the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock worth $67,951,000 after acquiring an additional 224,949 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of ATI in the second quarter worth $129,773,000. Illinois Municipal Retirement Fund acquired a new position in shares of ATI in the first quarter worth $1,106,000. Finally, Inspire Investing LLC lifted its position in shares of ATI by 206.3% in the third quarter. Inspire Investing LLC now owns 21,085 shares of the basic materials company’s stock valued at $3,993,000 after acquiring an additional 14,202 shares in the last quarter.

Key ATI News

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Recent coverage points to strong earnings and higher estimates as support for ATI shares. In its latest reported quarter, ATI beat analyst expectations with EPS of $1.46 versus $1.37 and revenue of $1.42 billion versus $1.32 billion; revenue rose 26.5% year over year. ATI Stock Gets A Lift From Strong Earnings And Higher Estimates
• Positive Sentiment: Analyst views are bullish: Citigroup initiated coverage with a Buy rating and a $229 target, while KeyCorp maintained an Overweight rating and a $228 target. KeyCorp also forecasts EPS growth from $5.29 in FY2026 to $6.50 in FY2027, above the cited current-year consensus of about $5.20. Citigroup recommendations KeyCorp Comments on ATI’s Q4 Earnings
• Positive Sentiment: ATI’s strong cash-flow growth, higher EBITDA guidance and disciplined buybacks could support debt reduction and shareholder returns. Can ATI Leverage Strong Cash Generation to Strengthen Returns?
• Neutral Sentiment: A Seeking Alpha article titled “ATI: Flying Too Close To The Sun” signals a cautious view, though the provided headline does not specify its supporting arguments. ATI: Flying Too Close To The Sun
• Neutral Sentiment: The U.S. sale clearance for Sherpa robots concerns ATI Robotics, not ATI Inc., and does not appear to be a direct catalyst for ATI shares. ATI Robotics products cleared for continued U.S. sale

ATI Trading Down 0.3%

Shares of ATI stock opened at $175.33 on Monday. ATI Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $243.57. The business’s fifty day moving average is $186.77 and its two-hundred day moving average is $174.27. The company has a quick ratio of 1.27, a current ratio of 2.77 and a debt-to-equity ratio of 0.85. The firm has a market cap of $23.81 billion, a PE ratio of 43.83, a P/E/G ratio of 1.02 and a beta of 1.09.

ATI (NYSE:ATI) last announced its quarterly earnings data on Thursday, October 29th. The basic materials company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.09. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.32 billion. ATI had a return on equity of 32.30% and a net margin of 11.08%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Analysts anticipate that ATI Inc. will post 5.23 earnings per share for the current year.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. 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 value of $5,743,915.55. Following the completion of the sale, the chief executive officer owned 100,719 shares in the company, valued at $23,285,225.61. The trade was a 19.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David J. Morehouse sold 2,485 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total transaction of $501,000.85. Following the transaction, the director directly owned 35,826 shares of the company’s stock, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 85,830 shares of company stock worth $18,046,361. 0.98% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATI. Susquehanna upped their price objective on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research report on Friday, August 7th. TD Cowen lifted their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. KeyCorp cut their target price on shares of ATI from $258.00 to $228.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $262.00 target price on shares of ATI in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ATI has a consensus rating of “Buy” and a consensus target price of $222.22.

About ATI

ATI Inc produces specialty materials and components for aerospace and defense, energy, medical, and other industrial markets. Its materials include titanium and titanium alloys, nickel- and cobalt-based alloys, specialty stainless steels, and other engineered metals designed for demanding applications.

The company makes products such as sheet, plate, strip, and bar, along with precision forgings, castings, and engineered components. ATI serves customers worldwide through manufacturing and distribution operations in North America and other regions.

ATI was formed in 1996 as Allegheny Technologies Incorporated through the combination of Allegheny Ludlum and Teledyne’s specialty metals businesses.