Principal Financial Group Inc. Acquires 11,014 Shares of ATI Inc. $ATI

Principal Financial Group Inc. lifted its holdings in shares of ATI Inc. (NYSE:ATI) by 3.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 303,158 shares of the basic materials company’s stock after buying an additional 11,014 shares during the period. Principal Financial Group Inc.’s holdings in ATI were worth $44,097,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of ATI in the first quarter valued at about $312,000. Y.D. More Investments Ltd acquired a new position in ATI during the first quarter valued at approximately $687,000. Fifth Third Bancorp boosted its position in ATI by 3,506.1% during the first quarter. Fifth Third Bancorp now owns 48,899 shares of the basic materials company’s stock valued at $7,113,000 after purchasing an additional 47,543 shares during the last quarter. Summit Securities Group LLC bought a new position in ATI in the first quarter valued at approximately $60,000. Finally, Kestra Advisory Services LLC grew its stake in ATI by 28.7% in the first quarter. Kestra Advisory Services LLC now owns 2,822 shares of the basic materials company’s stock valued at $410,000 after purchasing an additional 630 shares in the last quarter.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction 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 sale, the chief executive officer owned 218,014 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 160,442 shares of company stock worth $28,535,831. 0.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on ATI. BTIG Research boosted their price target on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. KeyCorp increased their price objective on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, ATI currently has an average rating of “Buy” and a consensus price target of $176.78.

ATI Price Performance

Shares of NYSE ATI opened at $185.77 on Friday. The business’s 50 day moving average price is $181.89 and its two-hundred day moving average price is $156.44. The company has a market cap of $25.35 billion, a PE ratio of 61.51, a price-to-earnings-growth ratio of 1.48 and a beta of 0.96. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $205.31.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, analysts predict that ATI Inc. will post 4.49 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.