Danske Bank A S Makes New Investment in ATI Inc. $ATI

Key Points

• Danske Bank acquired 36,988 ATI shares during the second quarter, valued at approximately $7.29 million. Several other institutions, including BlackRock, also established or expanded positions.
• Analysts remain bullish on ATI, with multiple firms raising price targets; the stock has an average “Buy” rating and a consensus target of $232.
• ATI beat quarterly earnings and revenue estimates, reporting $1.23 in EPS and $1.26 billion in revenue, while year-over-year revenue rose 10.6%. CEO Kimberly A. Fields and other insiders have sold shares totaling nearly $34 million over the past 90 days.

Danske Bank A S purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 36,988 shares of the basic materials company's stock, valued at approximately $7,290,000.

Other institutional investors also recently made changes to their positions in the company. Diversify Advisory Services LLC purchased a new stake in ATI during the second quarter valued at about $388,000. Meeder Advisory Services Inc. purchased a new stake in shares of ATI during the 2nd quarter worth about $273,000. Meeder Asset Management Inc. acquired a new stake in ATI during the 2nd quarter worth approximately $77,000. Citizens Financial Group Inc. RI acquired a new stake in ATI during the 2nd quarter worth approximately $459,000. Finally, BlackRock Inc. purchased a new position in ATI in the second quarter valued at approximately $3,687,529,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ATI shares. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. TD Cowen lifted their target price on shares of ATI from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 13th. 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. Wall Street Zen upgraded ATI from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, KeyCorp raised their price objective on ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company's stock. According to MarketBeat, ATI currently has an average rating of "Buy" and an average target price of $232.00.

ATI Trading Down 1.1%

NYSE ATI opened at $206.84 on Friday. The stock has a market cap of $28.17 billion, a P/E ratio of 60.66, a PEG ratio of 1.26 and a beta of 0.98. The company's fifty day simple moving average is $200.19 and its 200-day simple moving average is $171.49. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. ATI Inc. has a 52 week low of $71.94 and a 52 week high of $243.57.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm'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. Equities research analysts predict that ATI Inc. will post 5.15 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kimberly A. Fields sold 24,845 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $231.19, for a total value of $5,743,915.55. Following the transaction, the chief executive officer owned 100,719 shares in the company, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 177,044 shares of company stock worth $33,976,616 over the last 90 days. 0.98% of the stock is currently owned by insiders.

ATI Company 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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