ATI Inc. $ATI Holdings Lowered by Carnegie Investment Counsel

Carnegie Investment Counsel decreased its stake in ATI Inc. (NYSE:ATI) by 60.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,136 shares of the basic materials company’s stock after selling 3,300 shares during the quarter. Carnegie Investment Counsel’s holdings in ATI were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC increased its stake in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Summit Securities Group LLC purchased a new stake in ATI during the first quarter valued at about $60,000. Torren Management LLC purchased a new stake in ATI during the fourth quarter valued at about $52,000. Allworth Financial LP boosted its holdings in shares of ATI by 50.8% in the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after buying an additional 180 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in shares of ATI by 137.3% in the fourth quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after buying an additional 346 shares during the period.

ATI Stock Up 3.2%

Shares of ATI stock opened at $189.63 on Wednesday. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 62.79, a P/E/G ratio of 1.47 and a beta of 0.96. The stock has a 50-day simple moving average of $180.31 and a 200-day simple moving average of $155.21. ATI Inc. has a 52-week low of $70.42 and a 52-week high of $205.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. 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, equities research analysts expect that ATI Inc. will post 4.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $182.91, for a total value of $7,316,400.00. Following the completion of the sale, the chief executive officer directly owned 157,321 shares of the company’s stock, valued at $28,775,584.11. The trade was a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 160,442 shares of company stock valued at $28,535,831 over the last ninety days. Insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BTIG Research lifted their target price on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Susquehanna raised their price objective on shares of ATI from $185.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. KeyCorp lifted their price objective on shares of ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $194.00 target price on shares of ATI in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $176.78.

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.