Legal & General Group Plc Acquires New Position in ATI Inc. $ATI

Legal & General Group Plc acquired a new stake in ATI Inc. (NYSE:ATI) in the second quarter, HoldingsChannel.com reports. The fund acquired 199,420 shares of the basic materials company’s stock, valued at approximately $39,306,000.

A number of other institutional investors have also bought and sold shares of ATI. BlackRock Inc. purchased a new stake in ATI in the 2nd quarter valued at $3,687,529,000. State Street Corp boosted its position in shares of ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after acquiring an additional 415,479 shares during the last quarter. Capital Research Global Investors grew its holdings 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 valued at $414,481,000 after purchasing an additional 386,754 shares during the period. Invesco Ltd. increased its position in 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 during the last quarter. Finally, Norges Bank purchased a new position in ATI during the fourth quarter worth about $198,787,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp lifted their price target on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. TD Cowen raised their target price on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $262.00 price target on shares of ATI in a research note on Monday, August 10th. One research 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 stock currently has a consensus rating of “Buy” and an average price target of $232.00.

ATI Price Performance

ATI opened at $210.29 on Friday. The stock’s 50-day moving average price is $201.64 and its 200 day moving average price is $174.45. ATI Inc. has a 12-month low of $74.45 and a 12-month high of $243.57. The firm has a market cap of $28.64 billion, a price-to-earnings ratio of 61.67, a PEG ratio of 1.29 and a beta of 0.98. 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 issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) 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 net margin of 10.09% and a return on equity of 29.27%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, sell-side analysts expect that ATI Inc. will post 5.15 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the sale, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 177,044 shares of company stock valued at $33,976,616 in the last ninety days. Insiders own 0.98% of the company’s stock.

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.