Empowered Funds LLC Acquires Shares of 91,374 ATI Inc. $ATI

Empowered Funds LLC acquired a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 91,374 shares of the basic materials company's stock, valued at approximately $18,010,000. Empowered Funds LLC owned 0.07% of ATI as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in ATI during the 2nd quarter worth $3,687,529,000. State Street Corp boosted its position in ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company's stock valued at $491,476,000 after buying an additional 415,479 shares during the last quarter. Capital Research Global Investors boosted its position in ATI by 12.0% in the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company's stock valued at $414,481,000 after buying an additional 386,754 shares during the last quarter. Invesco Ltd. grew its stake in shares of ATI by 7.4% during the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company's stock valued at $388,454,000 after acquiring an additional 233,010 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of ATI during the second quarter valued at about $348,285,000.

Analysts Set New Price Targets

Several research firms recently commented on ATI. TD Cowen boosted their price target on ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. 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 issued a $275.00 target price on shares of ATI in a research report on Monday, August 10th. JPMorgan Chase & Co. increased their price target on shares of ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. 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, the company currently has an average rating of "Buy" and a consensus price target of $232.00.

ATI Stock Down 2.0%

NYSE:ATI opened at $210.29 on Friday. The firm has a market capitalization of $28.64 billion, a PE ratio of 61.67, a price-to-earnings-growth ratio of 1.29 and a beta of 0.98. The stock has a 50 day moving average of $201.64 and a 200-day moving average of $174.45. ATI Inc. has a 52 week low of $74.45 and a 52 week 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.

ATI (NYSE:ATI - Get Free Report) last announced 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 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 quarter last year, the business posted $0.74 EPS. The business'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. Analysts predict that ATI Inc. will post 5.15 EPS for the current year.

Insider Transactions at ATI

In other news, CEO Kimberly A. Fields sold 24,845 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer owned 100,719 shares of the company's stock, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 177,044 shares of company stock valued at $33,976,616 in the last quarter. Company insiders own 0.98% of the company's stock.

About ATI

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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