Oppenheimer Asset Management Inc. Invests $2.86 Million in ATI Inc. $ATI

Oppenheimer Asset Management Inc. acquired a new stake in ATI Inc. (NYSE:ATI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,532 shares of the basic materials company’s stock, valued at approximately $2,864,000.

A number of other institutional investors have also made changes to their positions in ATI. Meeder Asset Management Inc. boosted its holdings in ATI by 2.8% during the first quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 74 shares during the last quarter. Lido Advisors LLC increased its stake in ATI by 2.7% in the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after buying an additional 101 shares during the last quarter. Signature Equity Partners LLC increased its stake in ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares during the last quarter. Activest Wealth Management lifted its position in ATI by 17.6% during the 4th quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock worth $96,000 after buying an additional 125 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in ATI by 2.0% during the 4th quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock worth $827,000 after buying an additional 140 shares in the last quarter.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 31,757 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the sale, the chief executive officer owned 125,564 shares in the company, valued at $23,981,468.36. This represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 152,199 shares of company stock valued at $28,232,700 in the last 90 days. 0.98% of the stock is owned by corporate insiders.

ATI Stock Performance

Shares of ATI stock opened at $228.76 on Friday. The company has a fifty day moving average price of $197.35 and a two-hundred day moving average price of $168.14. ATI Inc. has a one year low of $70.42 and a one year high of $243.57. The stock has a market cap of $31.15 billion, a P/E ratio of 67.08, a P/E/G ratio of 1.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14.

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 the consensus estimate 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%. ATI’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 EPS. 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, equities analysts predict that ATI Inc. will post 5.15 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ATI. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Susquehanna upped their target price on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday, August 7th. TD Cowen increased their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, KeyCorp raised their price target on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat, ATI has an average rating of “Buy” and a consensus target price of $232.00.

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.