ATI Inc. $ATI Holdings Raised by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its ATI stake by 126.1% in the second quarter, bringing its holdings to 65,083 shares valued at approximately $12.8 million. Other major investors, including BlackRock and State Street, also added or initiated positions.
• Analysts remain bullish, with several raising price targets to between $210 and $270. ATI has a consensus “Buy” rating and an average price target of $232.
• ATI recently exceeded quarterly earnings and revenue expectations, reporting $1.23 in EPS and $1.26 billion in revenue, while revenue grew 10.6% year over year. However, insiders sold more than 136,000 shares during the quarter.

Hsbc Holdings PLC boosted its holdings in ATI Inc. (NYSE:ATI - Free Report) by 126.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,083 shares of the basic materials company's stock after purchasing an additional 36,295 shares during the quarter. Hsbc Holdings PLC's holdings in ATI were worth $12,818,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of ATI in the 2nd quarter worth about $3,687,529,000. State Street Corp raised its stake in ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company's stock valued at $491,476,000 after acquiring an additional 415,479 shares in the last quarter. Capital Research Global Investors boosted its position in ATI by 12.0% during the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company's stock worth $414,481,000 after acquiring an additional 386,754 shares during the period. Invesco Ltd. boosted its position in ATI by 7.4% during the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company's stock worth $388,454,000 after acquiring an additional 233,010 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of ATI in the second quarter worth $348,285,000.

Analysts Set New Price Targets

ATI has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Susquehanna increased their price objective on shares of ATI from $215.00 to $265.00 and gave the company a "positive" rating in a report on Friday, August 7th. Zacks Research upgraded shares of ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. Weiss Ratings upgraded shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Finally, BTIG Research boosted their target price on ATI from $180.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $232.00.

Insider Activity at ATI

In other news, VP Timothy J. Harris sold 16,500 shares of the stock in a transaction on 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 transaction, the vice president owned 130,187 shares in the company, valued at $27,340,571.87. This represents a 11.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David J. Morehouse sold 2,485 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total transaction of $501,000.85. Following the transaction, the director owned 35,826 shares in the company, valued at $7,222,879.86. This represents a 6.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 136,280 shares of company stock valued at $27,243,528. 0.98% of the stock is currently owned by corporate insiders.

ATI Trading Down 1.7%

NYSE ATI opened at $207.13 on Wednesday. The firm's 50 day moving average price is $202.60 and its two-hundred day moving average price is $177.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. ATI Inc. has a twelve month low of $74.45 and a twelve month high of $243.57. The stock has a market cap of $28.20 billion, a price-to-earnings ratio of 60.74, a PEG ratio of 1.28 and a beta of 1.01.

ATI (NYSE:ATI - Get Free Report) last released its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. The company had revenue of $1.26 billion during 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%.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 company earned $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 anticipate that ATI Inc. will post 5.11 EPS for the current year.

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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