Sanctuary Advisors LLC Takes Position in ATI Inc. $ATI

Sanctuary Advisors LLC bought a new position in shares of ATI Inc. (NYSE:ATI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 117,432 shares of the basic materials company’s stock, valued at approximately $23,146,000.

A number of other institutional investors have also made changes to their positions in ATI. Royal Bank of Canada lifted its holdings in ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after purchasing an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after purchasing an additional 209,480 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of ATI in the second quarter valued at $324,000. M&T Bank Corp bought a new position in shares of ATI in the second quarter valued at about $317,000. Finally, First Trust Advisors LP raised its position in shares of ATI by 4.9% in the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after purchasing an additional 9,234 shares during the period.

Insider Activity

In other news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 177,044 shares of company stock worth $33,976,616. Corporate insiders own 0.98% of the company’s stock.

ATI Trading Down 0.1%

ATI stock opened at $206.84 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The company’s 50-day simple moving average is $200.19 and its 200 day simple moving average is $171.84. ATI Inc. has a 52 week low of $71.94 and a 52 week high of $243.57. The company has a market capitalization of $28.17 billion, a PE ratio of 60.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98.

ATI (NYSE:ATI) last issued 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. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue was up 10.6% on a year-over-year basis. 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, sell-side analysts anticipate that ATI Inc. will post 5.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ATI. Susquehanna raised their target price on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. TD Cowen upped their price target on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 price target on shares of ATI in a report on Monday, August 10th. 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, BTIG Research boosted their price objective on ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat, ATI presently has an average rating of “Buy” and an average target price of $232.00.

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.