Canada Pension Plan Investment Board Buys Shares of 321,526 ATI Inc. $ATI

Key Points

• Canada Pension Plan Investment Board acquired 321,526 ATI shares worth approximately $63.4 million, representing a 0.24% stake. Several other institutional investors also increased or initiated positions.
• ATI exceeded quarterly expectations, reporting $1.23 in EPS versus the $1.03 consensus and $1.26 billion in revenue, up 10.6% year over year. The company issued 2026 earnings guidance of $4.90–$5.18 per share.
• Wall Street remains bullish, with a consensus “Buy” rating and an average price target of $232; however, CEO Kimberly A. Fields sold 24,845 shares, and insiders have sold roughly $34 million of stock over the past 90 days.

Canada Pension Plan Investment Board purchased a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 321,526 shares of the basic materials company's stock, valued at approximately $63,373,000. Canada Pension Plan Investment Board owned 0.24% of ATI at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATI. Royal Bank of Canada increased its position in ATI by 8.1% during 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 acquiring an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock valued at $32,984,000 after acquiring an additional 209,480 shares during the period. Cetera Investment Advisers purchased a new position in ATI in the second quarter worth about $324,000. M&T Bank Corp purchased a new position in ATI in the second quarter worth about $317,000. Finally, First Trust Advisors LP boosted its position in ATI by 4.9% in the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company's stock worth $17,028,000 after purchasing an additional 9,234 shares during the last quarter.

ATI Stock Performance

Shares of ATI opened at $214.63 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The business has a 50-day simple moving average of $201.46 and a two-hundred day simple moving average of $174.20. The stock has a market cap of $29.23 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 1.28 and a beta of 0.98. ATI Inc. has a 52 week low of $74.45 and a 52 week high of $243.57.

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 for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business's quarterly 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, analysts expect that ATI Inc. will post 5.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ATI shares. Wells Fargo & Company reaffirmed an "overweight" rating and set a $275.00 price target on shares of ATI in a research report on Monday, August 10th. JPMorgan Chase & Co. raised their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Susquehanna boosted their target price on shares of ATI from $215.00 to $265.00 and gave the company a "positive" rating in a research report on Friday, August 7th. BTIG Research upped their target price on shares of ATI from $180.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, KeyCorp increased their price target on shares of ATI from $211.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $232.00.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares in the company, valued at approximately $23,285,225.61. This trade represents a 19.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 177,044 shares of company stock valued at $33,976,616. Corporate insiders own 0.98% of the company's stock.

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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