ATI Inc. $ATI Shares Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its stake in shares of ATI Inc. (NYSE:ATI) by 58.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,845 shares of the basic materials company’s stock after acquiring an additional 16,896 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in ATI were worth $9,036,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Signature Equity Partners LLC increased its stake in shares of ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 123 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of ATI during the 2nd quarter worth $30,000. Summit Securities Group LLC acquired a new position in shares of ATI during the 1st quarter valued at about $60,000. Hollencrest Capital Management boosted its position in shares of ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 334 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of ATI by 137.3% in the fourth quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 346 shares during the period.

Insider Activity

In other news, CEO Kimberly A. Fields sold 24,845 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the transaction, the chief executive officer directly owned 100,719 shares in the company, valued at approximately $23,285,225.61. This 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 hyperlink. Over the last quarter, insiders have sold 177,044 shares of company stock valued at $33,976,616. 0.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BTIG Research raised their price objective on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. KeyCorp boosted their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. TD Cowen increased their price target 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. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $275.00 price target on shares of ATI in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $232.00.

ATI Stock Down 2.0%

Shares of NYSE:ATI opened at $210.29 on Friday. The company has a market capitalization of $28.64 billion, a price-to-earnings ratio of 61.67, a PEG ratio of 1.27 and a beta of 0.98. ATI Inc. has a 12-month low of $74.45 and a 12-month high of $243.57. The business has a 50-day moving average price of $201.64 and a 200 day moving average price of $174.45. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91.

ATI (NYSE:ATI) last posted its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. ATI’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Sell-side analysts expect that ATI Inc. will post 5.15 EPS for the current year.

ATI Company 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.