NewEdge Advisors LLC Raises Position in ATI Inc. $ATI

NewEdge Advisors LLC grew its stake in ATI Inc. (NYSE:ATI) by 3,869.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,969 shares of the basic materials company’s stock after purchasing an additional 3,869 shares during the period. NewEdge Advisors LLC’s holdings in ATI were worth $577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATI. Norges Bank purchased a new stake in ATI during the 4th quarter valued at $198,787,000. SG Americas Securities LLC lifted its position in ATI by 1,471.8% in the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after buying an additional 1,006,951 shares during the last quarter. AQR Capital Management LLC boosted its stake in ATI by 684.9% during the fourth quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after buying an additional 889,912 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in ATI by 231.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company’s stock worth $175,094,000 after buying an additional 840,455 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in ATI by 1,714.0% during the first quarter. PNC Financial Services Group Inc. now owns 831,736 shares of the basic materials company’s stock valued at $120,984,000 after acquiring an additional 785,885 shares during the last quarter.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 177,044 shares of company stock valued at $33,976,616 over the last ninety days. Insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. TD Cowen lifted their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Susquehanna upped their price target on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a report on Friday, August 7th. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 price objective on shares of ATI in a research report on Monday, August 10th. Finally, KeyCorp raised their price objective on shares of ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. 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.com, ATI currently has a consensus rating of “Buy” and an average price target of $232.00.

ATI Trading Down 3.1%

NYSE ATI opened at $209.31 on Friday. ATI Inc. has a one year low of $70.85 and a one year high of $243.57. 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 has a market capitalization of $28.50 billion, a price-to-earnings ratio of 61.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. The company’s 50-day simple moving average is $200.01 and its two-hundred day simple moving average is $171.24.

ATI (NYSE:ATI) last announced 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. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s 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. Equities analysts forecast that ATI Inc. will post 5.15 EPS for the current fiscal year.

ATI 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.