Hsbc Holdings PLC Purchases New Shares in ATI Inc. $ATI

Key Points

• HSBC Holdings acquired 65,083 shares of ATI in the second quarter, worth approximately $12.8 million. Several other major institutions, including the Canada Pension Plan Investment Board and Legal & General, also established new positions.
• ATI reported quarterly EPS of $1.23, exceeding the $1.03 consensus estimate, while revenue rose 10.6% year over year to $1.26 billion. The company provided third-quarter 2026 EPS guidance of $1.31–$1.37.
• Analyst sentiment is favorable, with a consensus “Buy” rating and an average price target of $232.00, although ATI insiders sold $34.0 million of stock over the past 90 days.

Hsbc Holdings PLC acquired a new stake in ATI Inc. (NYSE:ATI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 65,083 shares of the basic materials company's stock, valued at approximately $12,818,000.

A number of other large investors also recently bought and sold shares of ATI. EFG International AG purchased a new stake in ATI in the 2nd quarter valued at about $142,000. Expect Equity LLC purchased a new stake in shares of ATI during the 2nd quarter worth $4,463,000. Canada Pension Plan Investment Board bought a new stake in shares of ATI in the 2nd quarter valued at about $63,373,000. Castleark Management LLC acquired a new stake in ATI in the second quarter valued at approximately $952,000. Finally, Legal & General Group Plc acquired a new stake in shares of ATI in the 2nd quarter worth $39,306,000.

ATI Stock Down 2.0%

NYSE ATI opened at $210.29 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The firm has a market cap of $28.64 billion, a PE ratio of 61.67, a P/E/G ratio of 1.29 and a beta of 0.98. The business's fifty day simple moving average is $201.64 and its 200-day simple moving average is $174.45. ATI Inc. has a 52 week low of $74.45 and a 52 week high of $243.57.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, equities analysts anticipate that ATI Inc. will post 5.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATI. Zacks Research raised shares of ATI from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 25th. Wall Street Zen raised ATI from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. raised their price target on shares of ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. BTIG Research boosted their price objective on ATI from $180.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of 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. According to MarketBeat, ATI has a consensus rating of "Buy" and a consensus target price of $232.00.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer owned 218,014 shares of the company's stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 177,044 shares of company stock worth $33,976,616 over the last ninety days. Company insiders own 0.98% of the company's stock.

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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