Globeflex Capital L P Makes New Investment in ATI Inc. $ATI

Key Points

• Globeflex Capital initiated a $13.24 million position in ATI during the second quarter, purchasing 67,186 shares and making ATI its fifth-largest holding at 1.7% of the fund’s portfolio.
• ATI reported stronger-than-expected quarterly results, with EPS of $1.23 versus the $1.03 consensus and revenue of $1.26 billion, up 10.6% year over year. The company guided to $1.31–$1.37 in third-quarter EPS and $4.90–$5.18 for fiscal 2026.
• Analyst sentiment remains positive: ATI has an average “Buy” rating and a $232 consensus price target, while its stock recently traded at $206.84. However, insiders sold 177,044 shares worth about $34.0 million over the past 90 days.

Globeflex Capital L P purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 67,186 shares of the basic materials company's stock, valued at approximately $13,242,000. ATI accounts for 1.7% of Globeflex Capital L P's holdings, making the stock its 5th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of ATI by 8.1% in the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company's stock worth $3,140,000 after acquiring an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock valued at $32,984,000 after purchasing an additional 209,480 shares during the period. Cetera Investment Advisers acquired a new position in ATI during the second quarter worth approximately $324,000. M&T Bank Corp acquired a new position in ATI during the second quarter worth approximately $317,000. Finally, First Trust Advisors LP raised its stake in ATI by 4.9% during the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company's stock worth $17,028,000 after purchasing an additional 9,234 shares during the period.

ATI Price Performance

ATI opened at $206.84 on Monday. ATI Inc. has a 52-week low of $71.94 and a 52-week high of $243.57. The company has a 50 day moving average of $200.19 and a two-hundred day moving average of $171.84. The company has a market cap of $28.17 billion, a P/E ratio of 60.66, a P/E/G ratio of 1.25 and a beta of 0.98. 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 (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. 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 expect that ATI Inc. will post 5.15 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on ATI. JPMorgan Chase & Co. lifted their price target on shares of ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $262.00 price objective on shares of ATI in a report on Monday, August 10th. Susquehanna increased their target price on ATI from $215.00 to $265.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. TD Cowen lifted their target price on ATI from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 13th. Finally, Zacks Research raised ATI from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat.com, ATI currently has an average rating of "Buy" and a consensus price target of $232.00.

Insider Buying and Selling

In related news, CEO Kimberly A. Fields sold 59,749 shares of the firm's stock in a transaction dated 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. This trade represents a 21.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 177,044 shares of company stock valued at $33,976,616 over the last 90 days. Company insiders own 0.98% of the company's stock.

ATI 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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