Assenagon Asset Management S.A. Has $129.52 Million Stake in ATI Inc. $ATI

Assenagon Asset Management S.A. increased its stake in ATI Inc. (NYSE:ATI - Free Report) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 657,117 shares of the basic materials company's stock after acquiring an additional 73,087 shares during the quarter. Assenagon Asset Management S.A. owned 0.48% of ATI worth $129,518,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its stake in ATI by 8.1% in the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company's stock valued at $3,140,000 after purchasing an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock valued at $32,984,000 after buying an additional 209,480 shares during the period. Cetera Investment Advisers acquired a new stake in shares of ATI in the 2nd quarter valued at about $324,000. M&T Bank Corp bought a new stake in ATI in the 2nd quarter valued at about $317,000. Finally, First Trust Advisors LP raised its stake in ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company's stock worth $17,028,000 after buying an additional 9,234 shares during the period.

ATI Stock Performance

Shares of ATI opened at $222.57 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. The stock has a 50 day moving average price of $191.35 and a two-hundred day moving average price of $164.02. The firm has a market capitalization of $30.37 billion, a P/E ratio of 73.70, a P/E/G ratio of 1.63 and a beta of 0.98. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $236.98.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. 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 4.49 earnings per share for the current fiscal year.

ATI News Summary

Here are the key news stories impacting ATI this week:

• Positive Sentiment: ATI reported second-quarter sales of $1.26 billion, up 11% year over year, while adjusted EPS of $1.23 exceeded the $1.03 consensus estimate. GAAP EPS rose to $1.09 from $0.70, and net income increased 50% to $151 million. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Profitability improved materially: adjusted EBITDA increased 37% to $284 million, with the margin expanding to 22.6% from 18.2%. Aerospace and defense sales rose 13%, and backlog reached approximately $4.4 billion, up 18%, reinforcing expectations for continued demand. ATI Q2 2026 Sales Rise 11% to $1.26 Billion
• Positive Sentiment: Management raised full-year 2026 adjusted EBITDA guidance to $1.135 billion-$1.185 billion from $1.010 billion-$1.060 billion and adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48. Third-quarter adjusted EPS guidance of $1.31-$1.37 also exceeded the $1.12 analyst consensus, while free-cash-flow expectations improved. ATI Targets Higher 2026 EBITDA and Free Cash Flow
• Neutral Sentiment: The stock reached a new 52-week high and trades at a relatively demanding valuation, with a reported P/E ratio above 70. The strong results may justify the premium, but the valuation raises expectations for continued earnings growth. ATI Hits a 52-Week High
• Negative Sentiment: Recent insider activity shows 26 reported open-market sales and no purchases during the past six months, including sales by senior executives. This may be a cautionary signal, although insider sales can also reflect compensation or portfolio diversification.

Insider Buying and Selling

In related news, CEO Kimberly A. Fields sold 31,757 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the completion of the sale, the chief executive officer directly owned 125,564 shares of the company's stock, valued at approximately $23,981,468.36. This represents a 20.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 192,199 shares of company stock valued at $34,601,100. Corporate insiders own 0.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATI. Wall Street Zen downgraded ATI from a "buy" rating to a "hold" rating in a report on Tuesday, July 28th. KeyCorp increased their target price on ATI from $175.00 to $211.00 and gave the stock an "overweight" rating in a report on Tuesday, June 30th. Susquehanna lifted their price target on shares of ATI from $185.00 to $215.00 and gave the company a "positive" rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $194.00 price objective on shares of ATI in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat.com, ATI has a consensus rating of "Buy" and an average target price of $187.62.

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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