15,171 Shares of ATI Inc. $ATI Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of ATI Inc. (NYSE:ATI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,171 shares of the basic materials company’s stock, valued at approximately $2,873,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATI. BlackRock Inc. bought a new stake in ATI in the second quarter worth about $3,687,529,000. Bank of America Corp DE acquired a new stake in ATI in the 2nd quarter valued at about $348,285,000. Bank of New York Mellon Corp bought a new position in shares of ATI during the 2nd quarter valued at about $168,996,000. Arrowstreet Capital Limited Partnership boosted its position 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 in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of ATI by 1,714.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 831,736 shares of the basic materials company’s stock valued at $120,984,000 after purchasing an additional 785,885 shares in the last quarter.

ATI Stock Performance

Shares of NYSE ATI opened at $161.68 on Friday. The stock’s fifty day simple moving average is $197.00 and its 200 day simple moving average is $186.07. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.07 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. ATI Inc. has a 52-week low of $83.15 and a 52-week high of $243.57.

ATI (NYSE:ATI) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $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, sell-side analysts forecast that ATI Inc. will post 5.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ATI. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Wells Fargo & Company dropped their target price on shares of ATI from $275.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. TD Cowen increased their target price on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Susquehanna raised their target price 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 analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $223.88.

Insider Buying and Selling

In related news, Director David Morehouse sold 2,485 shares of ATI stock in a transaction dated Wednesday, September 2nd. The stock was 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 of the company’s stock, valued at approximately $7,222,879.86. This trade represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kimberly Fields sold 31,757 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the sale, the chief executive officer owned 125,564 shares in the company, valued at approximately $23,981,468.36. The trade was a 20.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 117,587 shares of company stock valued at $24,111,631. 0.98% of the stock is owned by corporate insiders.

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.