Algert Global LLC Raises Holdings in ATI Inc. $ATI

Algert Global LLC grew its holdings in ATI Inc. (NYSE:ATI - Free Report) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,780 shares of the basic materials company's stock after purchasing an additional 5,526 shares during the period. Algert Global LLC owned about 0.08% of ATI worth $22,229,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. CoreCap Advisors LLC purchased a new stake in shares of ATI during the 2nd quarter valued at about $30,000. Signature Equity Partners LLC lifted its position in ATI by 208.5% during the first 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. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ATI in the second quarter worth approximately $73,000. Meeder Asset Management Inc. purchased a new stake in ATI in the second quarter worth approximately $77,000. Finally, Summit Securities Group LLC bought a new stake in ATI in the 1st quarter worth approximately $60,000.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of ATI stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the transaction, the chief executive officer owned 100,719 shares of the company's stock, valued at $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 177,044 shares of company stock worth $33,976,616. 0.98% of the stock is currently owned by company insiders.

ATI Price Performance

NYSE ATI opened at $209.95 on Tuesday. The business's fifty day moving average is $200.48 and its 200 day moving average is $172.42. ATI Inc. has a fifty-two week low of $73.00 and a fifty-two week 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 $28.59 billion, a PE ratio of 61.57, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 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 business 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 business posted $0.74 earnings per share. The business's quarterly revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Sell-side analysts predict that ATI Inc. will post 5.15 earnings per share for the current year.

Analysts Set New Price Targets

ATI has been the subject of a number of research reports. Wall Street Zen upgraded shares of ATI from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. KeyCorp lifted their price objective on ATI from $211.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Zacks Research upgraded ATI from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. increased their target price on ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $275.00 target price on shares of ATI in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, ATI has a consensus rating of "Buy" and a consensus price target of $232.00.

ATI Company 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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