82,081 Shares in ATI Inc. $ATI Purchased by Pinnbrook Capital Management LP

Key Points

• Pinnbrook Capital Management initiated a 82,081-share ATI position worth approximately $16.2 million, representing 1.7% of its portfolio and 0.06% of ATI’s outstanding shares.
• Wall Street remains bullish: ATI has a consensus “Buy” rating from analysts, with an average price target of $232; Wells Fargo, Deutsche Bank, and KeyCorp recently maintained or raised optimistic targets.
• ATI reported stronger-than-expected quarterly results, with EPS of $1.23 versus the $1.03 estimate and revenue of $1.26 billion. However, CEO Kimberly A. Fields sold nearly $5.7 million in shares, contributing to significant insider selling over the past three months.

Pinnbrook Capital Management LP bought a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 82,081 shares of the basic materials company's stock, valued at approximately $16,178,000. ATI accounts for 1.7% of Pinnbrook Capital Management LP's portfolio, making the stock its 15th biggest position. Pinnbrook Capital Management LP owned 0.06% of ATI at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company's stock worth $3,140,000 after purchasing an additional 4,542 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock worth $32,984,000 after purchasing an additional 209,480 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of ATI in the second quarter valued at approximately $324,000. M&T Bank Corp purchased a new position in shares of ATI in the second quarter valued at approximately $317,000. Finally, First Trust Advisors LP grew its holdings 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 in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $275.00 target price on shares of ATI in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $262.00 price target on shares of ATI in a research report on Monday, August 10th. KeyCorp upped their price objective on ATI from $211.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. increased their price objective on ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded ATI from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, ATI presently has a consensus rating of "Buy" and a consensus price target of $232.00.

ATI Stock Down 1.1%

ATI stock opened at $206.84 on Friday. The stock has a market cap of $28.17 billion, a P/E ratio of 60.66, a PEG ratio of 1.25 and a beta of 0.98. 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 twelve month low of $71.94 and a twelve month high of $243.57. The company's 50 day moving average is $200.19 and its two-hundred day moving average is $171.49.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating 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 net margin of 10.09% and a return on equity of 29.27%. The company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business 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. Research analysts expect that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the completion of the transaction, the chief executive officer owned 100,719 shares in the company, valued at $23,285,225.61. This represents a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 177,044 shares of company stock valued at $33,976,616 over the last three months. 0.98% of the stock is owned by insiders.

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.

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