Pier 88 Investment Partners LLC Has $4.70 Million Stock Holdings in ATI Inc. $ATI

Pier 88 Investment Partners LLC boosted its holdings in shares of ATI Inc. (NYSE:ATI) by 484.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,912 shares of the basic materials company’s stock after acquiring an additional 33,910 shares during the period. ATI accounts for 1.0% of Pier 88 Investment Partners LLC’s portfolio, making the stock its 24th largest position. Pier 88 Investment Partners LLC’s holdings in ATI were worth $4,695,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in ATI by 642.9% during the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the period. Prestige Wealth Management Group LLC acquired a new position in shares of ATI in the 3rd quarter valued at $34,000. Meeder Asset Management Inc. grew its holdings in shares of ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares during the period. Torren Management LLC acquired a new position in shares of ATI in the 4th quarter valued at $52,000. Finally, Allworth Financial LP grew its holdings in shares of ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after buying an additional 180 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ATI shares. KeyCorp boosted their price target on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Alembic Global Advisors started coverage on shares of ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target for the company. Zacks Research lowered shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, BTIG Research boosted their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, ATI has an average rating of “Buy” and an average target price of $164.38.

Insider Buying and Selling

In related news, Director David J. Morehouse sold 6,609 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. The trade was a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

ATI Trading Up 1.8%

ATI opened at $161.26 on Tuesday. The stock has a market capitalization of $22.01 billion, a P/E ratio of 53.40, a P/E/G ratio of 1.36 and a beta of 0.94. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $171.11. The firm’s fifty day simple moving average is $153.50 and its 200 day simple moving average is $128.91. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, research analysts anticipate that ATI Inc. will post 4.43 EPS for the current fiscal year.

ATI announced that its board has approved a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

ATI 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.