TD Waterhouse Canada Inc. Sells 5,127 Shares of ATI Inc. $ATI

TD Waterhouse Canada Inc. lowered its holdings in shares of ATI Inc. (NYSE:ATI) by 67.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,515 shares of the basic materials company’s stock after selling 5,127 shares during the period. TD Waterhouse Canada Inc.’s holdings in ATI were worth $483,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ATI. Signature Equity Partners LLC lifted its stake in ATI by 208.5% in the first 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 period. CoreCap Advisors LLC acquired a new stake in shares of ATI during the 2nd quarter worth approximately $30,000. Summit Securities Group LLC bought a new stake in shares of ATI in the 1st quarter valued at $60,000. Triumph Capital Management increased its stake in shares of ATI by 22.4% in the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 58 shares in the last quarter. Finally, Hollencrest Capital Management increased its stake in shares of ATI by 283.1% in the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 334 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Susquehanna increased 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. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $275.00 price objective on shares of ATI in a report on Monday, August 10th. BTIG Research upped their price objective on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $232.00.

ATI Trading Down 3.6%

NYSE ATI opened at $199.10 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. ATI Inc. has a 52 week low of $75.02 and a 52 week high of $243.57. The business has a 50 day moving average price of $203.12 and a 200-day moving average price of $178.49. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 58.39, a P/E/G ratio of 1.26 and a beta of 1.01.

ATI (NYSE:ATI) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business earned $0.74 EPS. ATI’s quarterly revenue was up 10.6% compared to the same quarter last year. 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 expect that ATI Inc. will post 5.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David J. Morehouse sold 2,485 shares of ATI 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 transaction, the director directly owned 35,826 shares in the company, valued at $7,222,879.86. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy J. Harris sold 16,500 shares of the business’s stock in a transaction dated 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 sale, the vice president directly owned 130,187 shares of the company’s stock, valued at approximately $27,340,571.87. The trade was a 11.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 152,780 shares of company stock worth $30,667,938. Insiders own 0.98% of the company’s stock.

ATI Profile

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.