Amundi Purchases 127,430 Shares of ATI Inc. $ATI

Key Points

• Amundi increased its ATI stake by 48.8% in the second quarter, purchasing 127,430 shares to hold 388,616 shares valued at approximately $76.6 million.
• ATI reported stronger-than-expected quarterly results, with EPS of $1.23 versus the $1.03 consensus estimate and revenue of $1.26 billion, up 10.6% year over year. The company issued Q3 2026 EPS guidance of $1.31–$1.37.
• Analyst sentiment remains positive: ATI has a consensus “Buy” rating and a $232 price target, while recent targets range from $210 to $275. However, company insiders sold 136,280 shares worth $27.2 million over the past 90 days.

Amundi boosted its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 48.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 388,616 shares of the basic materials company's stock after purchasing an additional 127,430 shares during the quarter. Amundi owned about 0.29% of ATI worth $76,596,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ATI. CoreCap Advisors LLC bought a new position in shares of ATI in the 2nd quarter valued at about $30,000. Signature Equity Partners LLC increased its position in shares of 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 last quarter. Triumph Capital Management increased its position in ATI by 22.4% during the second 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ATI in the 2nd quarter worth about $73,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of ATI in the second quarter worth approximately $77,000.

ATI Price Performance

Shares of ATI stock opened at $206.91 on Thursday. ATI Inc. has a fifty-two week low of $75.02 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 firm has a market capitalization of $28.17 billion, a price-to-earnings ratio of 60.68, a PEG ratio of 1.26 and a beta of 1.01. The stock's 50-day simple moving average is $202.90 and its 200-day simple moving average is $178.21.

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, 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 during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $0.74 EPS. The firm'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. As a group, equities analysts forecast that ATI Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly Fields sold 24,845 shares of ATI stock in a transaction on Monday, August 17th. The stock was sold at an average price of $231.19, for a total value of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares in the company, valued at $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy Harris sold 16,500 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the completion of the sale, the vice president owned 130,187 shares in the company, valued at approximately $27,340,571.87. This trade represents a 11.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 136,280 shares of company stock worth $27,243,528 in the last 90 days. Insiders own 0.98% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. KeyCorp raised their price target 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. TD Cowen increased their price target on ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $262.00 price target on shares of ATI in a research note on Monday, August 10th. Weiss Ratings raised shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $275.00 price objective on shares of ATI in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $232.00.

About ATI

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.

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