Gallo Partners LP Acquires Shares of 2,974 ATI Inc. $ATI

Gallo Partners LP bought a new position in shares of ATI Inc. (NYSE:ATI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,974 shares of the basic materials company’s stock, valued at approximately $586,000. ATI makes up approximately 1.3% of Gallo Partners LP’s investment portfolio, making the stock its 28th largest position.

Several other hedge funds have also recently modified their holdings of ATI. BlackRock Inc. purchased a new stake in ATI during the 2nd quarter worth approximately $3,687,529,000. State Street Corp boosted its stake in shares of ATI by 7.4% in the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after acquiring an additional 415,479 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of ATI by 12.0% in the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after acquiring an additional 386,754 shares during the last quarter. Invesco Ltd. increased its position in shares of ATI by 7.4% during the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after purchasing an additional 233,010 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of ATI during the fourth quarter worth approximately $198,787,000.

ATI Price Performance

NYSE:ATI opened at $206.84 on Monday. ATI Inc. has a one year low of $71.94 and a one year high of $243.57. 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 stock has a market cap of $28.17 billion, a PE ratio of 60.66, a P/E/G ratio of 1.25 and a beta of 0.98. The stock has a 50 day moving average price of $200.19 and a 200 day moving average price of $171.84.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts expect that ATI Inc. will post 5.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATI has been the subject of several recent research reports. TD Cowen increased their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Susquehanna upped 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. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat, ATI presently has a consensus rating of “Buy” and an average target price of $232.00.

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 177,044 shares of company stock worth $33,976,616. 0.98% of the stock is owned by insiders.

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.