BlackRock Inc. Invests $3.69 Billion in ATI Inc. $ATI

Key Points

• BlackRock acquired 18.7 million ATI shares worth approximately $3.69 billion, giving it a 13.71% stake in the specialty materials manufacturer.
• ATI beat quarterly estimates with EPS of $1.23 versus $1.03 expected and revenue of $1.26 billion, up 10.6% year over year; management also issued 2026 earnings guidance.
• Wall Street maintains a bullish outlook, with a consensus “Buy” rating and a $232 price target, while ATI shares recently traded at $226.55 after rising substantially from their 52-week low.

BlackRock Inc. bought a new stake in ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,708,922 shares of the basic materials company's stock, valued at approximately $3,687,529,000. BlackRock Inc. owned about 13.71% of ATI at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Signature Equity Partners LLC lifted its holdings in ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock worth $26,000 after buying an additional 123 shares during the period. CoreCap Advisors LLC acquired a new stake in ATI in the second quarter worth $30,000. Torren Management LLC bought a new stake in ATI in the 4th quarter valued at about $52,000. Summit Securities Group LLC bought a new stake in shares of ATI during the first quarter valued at approximately $60,000. Finally, Hollencrest Capital Management increased its stake in ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company's stock valued at $66,000 after purchasing an additional 334 shares in the last quarter.

ATI Stock Down 2.3%

Shares of ATI opened at $226.55 on Wednesday. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $243.57. The firm has a market cap of $30.85 billion, a P/E ratio of 66.44, a P/E/G ratio of 1.38 and a beta of 0.98. The stock has a 50 day simple moving average of $199.17 and a two-hundred day simple moving average of $169.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14.

ATI (NYSE:ATI - Get Free Report) last issued its 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. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm's revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, analysts forecast that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ATI. 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. TD Cowen upped their price objective on ATI from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of ATI from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Susquehanna boosted their price objective on ATI from $215.00 to $265.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $275.00 target price 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. According to 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 related news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares of the company's stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 152,199 shares of company stock valued at $28,232,700 over the last quarter. 0.98% of the stock is owned by insiders.

About ATI

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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