Empowered Funds LLC Purchases 42,136 Shares of ATI Inc. $ATI

Key Points

• Empowered Funds LLC increased its ATI stake by 304.6% in the first quarter, purchasing 42,136 additional shares and bringing its holdings to 55,970 shares valued at approximately $8.14 million. Other institutional investors, including Bank of America, also expanded their positions.
• ATI shares opened at $228.76, near their 52-week high of $243.57. The company reported quarterly EPS of $1.23, beating estimates by $0.20, while revenue rose 10.6% year over year to $1.26 billion.
• Analyst sentiment remains positive, with ATI holding a consensus “Buy” rating and an average price target of $232. Recent targets range from $258 to $275, although insiders sold more than $28 million of stock over the past three months.

Empowered Funds LLC increased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 304.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,970 shares of the basic materials company's stock after buying an additional 42,136 shares during the quarter. Empowered Funds LLC's holdings in ATI were worth $8,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DV Trading LLC boosted its holdings in ATI by 100.0% during the 1st quarter. DV Trading LLC now owns 1,600 shares of the basic materials company's stock worth $233,000 after acquiring an additional 800 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of ATI by 3,869.0% in the first quarter. NewEdge Advisors LLC now owns 3,969 shares of the basic materials company's stock valued at $577,000 after purchasing an additional 3,869 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of ATI during the first quarter valued at about $178,000. Bank of America Corp DE lifted its position in shares of ATI by 70.8% during the first quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company's stock valued at $198,544,000 after purchasing an additional 565,867 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in ATI by 17.2% during the first quarter. Edgestream Partners L.P. now owns 9,517 shares of the basic materials company's stock worth $1,384,000 after purchasing an additional 1,399 shares during the last quarter.

ATI Trading Up 0.7%

Shares of ATI opened at $228.76 on Friday. ATI Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $243.57. The business has a 50-day moving average of $197.35 and a 200 day moving average of $168.14. The firm has a market cap of $31.15 billion, a P/E ratio of 67.08, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data 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. ATI had a net margin of 10.09% and a return on equity of 29.27%. 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 earned $0.74 earnings per share. The company's revenue was up 10.6% compared to the same quarter last year. 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, research analysts forecast that ATI Inc. will post 5.15 EPS for the current year.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the sale, the chief executive officer directly owned 218,014 shares in the company, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 152,199 shares of company stock valued at $28,232,700 in the last three months. 0.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ATI has been the subject of several analyst reports. KeyCorp increased their price objective on shares of ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday. BTIG Research boosted 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $262.00 target price on shares of ATI in a report on Monday, August 10th. JPMorgan Chase & Co. increased their price target on ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $275.00 price target on shares of ATI in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, ATI presently has a consensus rating of "Buy" and a consensus target price of $232.00.

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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