12,938 ATI Inc. $ATI Shares Bought by Artemis Investment Management LLP

Key Points

• Artemis Investment Management increased its ATI stake by 1.5% in the third quarter, purchasing 12,938 shares and bringing its holdings to 854,431 shares valued at approximately $161.8 million.
• Analysts remain broadly bullish on ATI, with a consensus “Buy” rating and an average price target of $223.88, despite Wells Fargo lowering its target to $240.
• ATI reported quarterly EPS of $1.23, exceeding expectations of $1.03, while revenue rose 10.6% year over year to $1.26 billion; the stock recently traded at $187.78, down 0.7%.

Artemis Investment Management LLP boosted its holdings in ATI Inc. (NYSE:ATI - Free Report) by 1.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 854,431 shares of the basic materials company's stock after buying an additional 12,938 shares during the period. ATI accounts for approximately 1.3% of Artemis Investment Management LLP's holdings, making the stock its 19th biggest position. Artemis Investment Management LLP owned about 0.63% of ATI worth $161,829,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Signature Equity Partners LLC raised its stake in ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 123 shares during the period. CoreCap Advisors LLC purchased a new stake in ATI during the 2nd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of ATI during the third quarter valued at approximately $30,000. Summit Securities Group LLC bought a new stake in shares of ATI during the first quarter valued at approximately $60,000. Finally, Triumph Capital Management lifted its holdings in shares of ATI by 22.4% in the second quarter. Triumph Capital Management now owns 317 shares of the basic materials company's stock worth $62,000 after buying an additional 58 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of ATI from $275.00 to $240.00 and set an "overweight" rating for the company in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $262.00 price objective on shares of ATI in a report on Monday, August 10th. BTIG Research raised their price objective on ATI from $180.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 7th. TD Cowen boosted their target price on ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded ATI from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $223.88.

ATI Trading Down 0.7%

Shares of ATI stock traded down $1.41 on Thursday, reaching $187.78. The company had a trading volume of 253,111 shares, compared to its average volume of 1,837,392. The firm has a market cap of $25.57 billion, a price-to-earnings ratio of 55.02, a P/E/G ratio of 1.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. The firm's 50-day moving average price is $202.99 and its two-hundred day moving average price is $182.99. ATI Inc. has a 1 year low of $79.29 and a 1 year high of $243.57.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.ATI's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior 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. As a group, research analysts predict that ATI Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ATI news, Director David Morehouse sold 2,485 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the sale, the director owned 35,826 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy Harris sold 9,000 shares of the business's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $191.82, for a total value of $1,726,380.00. Following the transaction, the vice president owned 88,187 shares of the company's stock, valued at $16,916,030.34. This trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 117,587 shares of company stock valued at $24,111,631 in the last ninety days. 0.98% of the stock is owned by company insiders.

ATI Profile

ATI Inc NYSE: ATI is a specialty materials and components manufacturer serving the aerospace and defense, energy, medical, and industrial markets. The company develops and produces technically demanding materials and engineered components designed for applications that require high strength, heat resistance, corrosion resistance, or reduced weight.

ATI's products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, cobalt- and zirconium-based alloys, and other advanced materials.

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