Capstone Investment Advisors LLC Makes New $2.14 Million Investment in ATI Inc. $ATI

Capstone Investment Advisors LLC bought a new stake in ATI Inc. (NYSE:ATI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,849 shares of the basic materials company’s stock, valued at approximately $2,138,000.

Several other hedge funds also recently made changes to their positions in ATI. Bank of Nova Scotia boosted its holdings in shares of 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 buying an additional 224,949 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in ATI during the 1st quarter valued at about $1,009,000. Northwestern Mutual Wealth Management Co. lifted its position in ATI by 456.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock valued at $14,875,000 after acquiring an additional 106,343 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in ATI during the first quarter worth about $4,599,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in ATI in the first quarter worth about $1,106,000.

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 177,044 shares of company stock valued at $33,976,616. 0.98% of the stock is owned by insiders.

ATI Stock Up 0.8%

NYSE:ATI opened at $214.63 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 firm has a market cap of $29.23 billion, a P/E ratio of 62.94, a P/E/G ratio of 1.28 and a beta of 0.98. ATI Inc. has a fifty-two week low of $74.45 and a fifty-two week high of $243.57. The firm has a 50-day simple moving average of $201.46 and a two-hundred day simple moving average of $174.20.

ATI (NYSE:ATI) last issued its earnings results 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 net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Analysts predict that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ATI has been the subject of several recent research reports. Susquehanna lifted their target price on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a report on Friday, August 7th. KeyCorp raised their price objective on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. BTIG Research lifted their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 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 and nine have issued a Buy rating to the company. According to MarketBeat.com, ATI has a consensus rating of “Buy” and an average price target of $232.00.

About ATI

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.