Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,561 shares of the basic materials company's stock, valued at approximately $4,250,000.
Several other hedge funds also recently added to or reduced their stakes in ATI. Signature Equity Partners LLC raised its position in ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock worth $26,000 after purchasing an additional 123 shares during the period. CoreCap Advisors LLC bought a new position in shares of ATI during the second quarter valued at approximately $30,000. Torren Management LLC purchased a new stake in shares of ATI in the fourth quarter worth approximately $52,000. Summit Securities Group LLC bought a new stake in shares of ATI during the 1st quarter worth approximately $60,000. Finally, Hollencrest Capital Management boosted its holdings 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 acquiring an additional 334 shares during the period.
Insider Transactions at ATI
In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 177,044 shares of company stock worth $33,976,616. 0.98% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. BTIG Research increased their target price on ATI from $180.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. TD Cowen boosted their target price on shares of 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 report on Saturday, August 8th. Susquehanna raised their price target 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 reiterated 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 stock. According to data from MarketBeat.com, ATI currently has a consensus rating of "Buy" and an average target price of $232.00.
View Our Latest Stock Analysis on ATI
ATI Price Performance
Shares of ATI stock opened at $214.63 on Friday. ATI Inc. has a twelve month low of $74.45 and a twelve month high of $243.57. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $201.46 and a two-hundred day simple moving average of $174.20. The stock has a market capitalization of $29.23 billion, a price-to-earnings ratio of 62.94, a P/E/G ratio of 1.28 and a beta of 0.98.
ATI (NYSE:ATI - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.26 billion for 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 business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $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. On average, analysts predict that ATI Inc. will post 5.15 EPS for the current fiscal year.
ATI Profile
(
Free Report)
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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