Corient Private Wealth LP Buys 67,120 Shares of ATI Inc. $ATI

Corient Private Wealth LP grew its stake in ATI Inc. (NYSE:ATI - Free Report) by 578.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,728 shares of the basic materials company's stock after acquiring an additional 67,120 shares during the period. Corient Private Wealth LP owned 0.06% of ATI worth $15,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ATI. BlackRock Inc. purchased a new stake in shares of ATI in the 2nd quarter worth $3,687,529,000. Bank of America Corp DE bought a new stake in shares of ATI in the second quarter valued at about $348,285,000. Norges Bank bought a new stake in shares of ATI in the fourth quarter valued at about $198,787,000. SG Americas Securities LLC lifted its stake in ATI by 1,471.8% in the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company's stock worth $156,423,000 after acquiring an additional 1,006,951 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in ATI in the second quarter worth about $168,996,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BTIG Research boosted their price target on shares of ATI from $180.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. KeyCorp lifted their price objective on shares of ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Weiss Ratings upgraded ATI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Finally, Susquehanna upped their target price on ATI from $215.00 to $265.00 and gave the stock a "positive" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $232.00.

ATI Price Performance

Shares of ATI opened at $186.30 on Wednesday. The company has a 50 day moving average of $203.31 and a two-hundred day moving average of $179.15. 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 Inc. has a twelve month low of $75.02 and a twelve month high of $243.57. The company has a market cap of $25.37 billion, a price-to-earnings ratio of 54.63, a price-to-earnings-growth ratio of 1.14 and a beta of 1.01.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. 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. As a group, analysts predict that ATI Inc. will post 5.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 24,845 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the completion of the transaction, the chief executive officer directly owned 100,719 shares of the company's stock, valued at $23,285,225.61. This trade represents a 19.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David J. Morehouse sold 2,485 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total transaction of $501,000.85. Following the sale, the director directly owned 35,826 shares in the company, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 152,780 shares of company stock valued at $30,667,938. 0.98% of the stock is currently owned by corporate insiders.

About ATI

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.

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