California State Teachers Retirement System Buys 31,062,879 Shares of ATI Inc. $ATI

California State Teachers Retirement System increased its stake in shares of ATI Inc. (NYSE:ATI) by 19,689.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,220,640 shares of the basic materials company’s stock after acquiring an additional 31,062,879 shares during the period. California State Teachers Retirement System owned about 0.23% of ATI worth $6,153,588,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Precision Wealth Strategies LLC bought a new stake in shares of ATI during the 1st quarter worth approximately $1,009,000. Bank of Nova Scotia grew its stake in shares of ATI by 92.9% in the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock valued at $67,951,000 after buying an additional 224,949 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of ATI in the second quarter valued at $129,773,000. Northwestern Mutual Wealth Management Co. increased its holdings in ATI by 456.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock worth $14,875,000 after buying an additional 106,343 shares during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in ATI during the first quarter worth $1,106,000.

Insiders Place Their Bets

In other news, VP Timothy Harris sold 16,500 shares of ATI stock in a transaction on Monday, August 31st. The stock was sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the completion of the sale, the vice president owned 130,187 shares of the company’s stock, valued at approximately $27,340,571.87. This trade represents a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Morehouse sold 2,485 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total transaction of $501,000.85. Following the completion of the sale, the director directly owned 35,826 shares of the company’s stock, valued at approximately $7,222,879.86. The trade was a 6.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 136,280 shares of company stock worth $27,243,528 in the last 90 days. Company insiders own 0.98% of the company’s stock.

ATI Price Performance

Shares of NYSE ATI opened at $206.91 on Thursday. The firm has a market cap of $28.17 billion, a P/E ratio of 60.68, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. ATI Inc. has a 1-year low of $75.02 and a 1-year high of $243.57. The business’s 50 day moving average is $202.90 and its 200-day moving average is $178.21.

ATI (NYSE:ATI) last released its quarterly earnings results 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 business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts predict that ATI Inc. will post 5.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $262.00 price target on shares of ATI in a research note on Monday, August 10th. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Susquehanna upped their target price on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a report on Friday, August 7th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, ATI has an average rating of “Buy” and a consensus target price of $232.00.

About ATI

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving aerospace and defense, medical, energy, transportation, and other demanding industrial markets. The company develops and produces advanced alloys and engineered materials designed to perform in high-temperature, corrosive, and high-stress environments.

ATI’s products include nickel-based superalloys, titanium and titanium-based materials, specialty stainless steels, zirconium and other specialty alloys. Its manufacturing capabilities also include precision forgings, castings, rolled products, and machined components used in aircraft engines, airframes, power-generation equipment, medical devices, and industrial applications.

The company was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc’s specialty metals operations and adopted the name ATI Inc in 2021.