California State Teachers Retirement System Has $31.22 Million Holdings in ATI Inc. $ATI

California State Teachers Retirement System lifted its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,400 shares of the basic materials company's stock after buying an additional 639 shares during the period. California State Teachers Retirement System owned about 0.12% of ATI worth $31,220,640 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triumph Capital Management increased its position in shares of 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 period. Meeder Asset Management Inc. lifted its position in ATI by 2.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company's stock worth $401,000 after acquiring an additional 74 shares during the period. Signature Equity Partners LLC raised its holdings in shares of ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock worth $26,000 after acquiring an additional 123 shares during the last quarter. CoreCap Advisors LLC purchased a new position in ATI in the 2nd quarter valued at about $30,000. Finally, Ballentine Partners LLC lifted its holdings in ATI by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 3,533 shares of the basic materials company's stock worth $405,000 after purchasing an additional 186 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ATI. Zacks Research upgraded shares of ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. Wells Fargo & Company reissued an "overweight" rating and set a $275.00 price objective on shares of ATI in a report on Monday, August 10th. BTIG Research raised their target price on shares of ATI from $180.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 7th. KeyCorp lifted their price objective on ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Finally, 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. One investment 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 presently has an average rating of "Buy" and a consensus target price of $232.00.

ATI Stock Down 1.0%

ATI stock traded down $1.85 during trading hours on Tuesday, reaching $186.30. 749,441 shares of the stock were exchanged, compared to its average volume of 1,862,487. ATI Inc. has a 12 month low of $75.02 and a 12 month high of $243.57. The company has a market cap of $25.37 billion, a price-to-earnings ratio of 54.51, a PEG ratio of 1.21 and a beta of 1.01. The firm's 50-day moving average is $203.25 and its 200-day moving average is $178.96. 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 announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The firm's 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. On average, equities research analysts expect that ATI Inc. will post 5.11 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Timothy J. Harris sold 16,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $207.54, for a total transaction of $3,424,410.00. Following the transaction, the vice president owned 113,687 shares in the company, valued at $23,594,599.98. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David J. 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 completion of the sale, the director directly owned 35,826 shares in the company, valued at approximately $7,222,879.86. The trade was a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 152,780 shares of company stock valued at $30,667,938 over the last 90 days. Insiders own 0.98% of the company's stock.

ATI Company Profile

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.