ATI Inc. $ATI Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 27.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 837,941 shares of the basic materials company's stock after buying an additional 180,824 shares during the period. Assenagon Asset Management S.A. owned about 0.62% of ATI worth $158,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in shares of ATI in the 2nd quarter worth approximately $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of ATI during the third quarter worth about $30,000. Signature Equity Partners LLC lifted its holdings in ATI by 208.5% in 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 in the last quarter. Triumph Capital Management boosted 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 worth $62,000 after acquiring an additional 58 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of ATI in the 2nd quarter worth $73,000.

Insiders Place Their Bets

In related news, Director David Morehouse sold 2,485 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total value of $501,000.85. Following the sale, the director directly owned 35,826 shares of the company's stock, valued at $7,222,879.86. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Timothy Harris sold 9,000 shares of ATI stock in a transaction on Monday, September 21st. The shares were sold at an average price of $191.82, for a total value of $1,726,380.00. Following the completion of the transaction, the vice president owned 88,187 shares of the company's stock, valued at approximately $16,916,030.34. This trade represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 117,587 shares of company stock worth $24,111,631 over the last ninety days. Corporate insiders own 0.98% of the company's stock.

ATI Trading Up 0.7%

Shares of NYSE:ATI opened at $189.11 on Friday. The company's fifty day simple moving average is $201.86 and its 200 day simple moving average is $184.84. ATI Inc. has a 12 month low of $79.29 and a 12 month high of $243.57. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of 55.46, a PEG ratio of 1.14 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data 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. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $0.74 earnings per share. The firm's revenue was up 10.6% compared to the same quarter last year. 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, research analysts forecast that ATI Inc. will post 5.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATI has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on ATI from $275.00 to $240.00 and set an "overweight" rating for the company in a research note on Wednesday, September 30th. TD Cowen increased their target price on ATI from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 13th. Zacks Research raised ATI from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 25th. Susquehanna upped their price objective on shares of ATI from $215.00 to $265.00 and gave the stock a "positive" rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $262.00 price objective on shares of ATI in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $223.88.

ATI Company Profile

ATI Inc NYSE: ATI is a specialty materials and components manufacturer serving the aerospace and defense, energy, medical, and industrial markets. The company develops and produces technically demanding materials and engineered components designed for applications that require high strength, heat resistance, corrosion resistance, or reduced weight.

ATI's products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, cobalt- and zirconium-based alloys, and other advanced materials.

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