Vise Technologies Inc. acquired a new position in shares of ATI Inc. (NYSE:ATI – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 3,406 shares of the basic materials company’s stock, valued at approximately $671,000.
Other large investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in shares of ATI in the 2nd quarter valued at about $30,000. Signature Equity Partners LLC raised its stake in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ATI during the second quarter worth approximately $73,000. Meeder Asset Management Inc. acquired a new position in ATI in the second quarter valued at approximately $77,000. Finally, Summit Securities Group LLC acquired a new position in ATI in the first quarter valued at approximately $60,000.
Insider Activity
In related news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the sale, the chief executive officer 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 at this link. Over the last three months, insiders have sold 177,044 shares of company stock valued at $33,976,616. 0.98% of the stock is owned by insiders.
ATI Stock Down 0.1%
ATI (NYSE:ATI – Get Free Report) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter 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. Analysts expect that ATI Inc. will post 5.15 EPS for the current year.
Analysts Set New Price Targets
ATI has been the topic of a number of recent research reports. KeyCorp raised their price objective on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 price target on shares of ATI in a research note on Monday, August 10th. BTIG Research increased their price target on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Susquehanna raised their price target on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Finally, TD Cowen lifted their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $232.00.
Get Our Latest Stock Report on ATI
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.
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