Quantbot Technologies LP Makes New Investment in ATI Inc. $ATI

Key Points

• Quantbot Technologies purchased 27,156 shares of ATI during the second quarter, valued at approximately $5.35 million. Several other hedge funds also increased their positions.
• ATI reported quarterly EPS of $1.23, beating estimates by $0.20, while revenue rose 10.6% year over year to $1.26 billion. The company issued third-quarter EPS guidance of $1.31–$1.37 and full-year guidance of $4.90–$5.18.
• Analyst sentiment remains positive, with a consensus “Buy” rating and a $232 price target, although CEO Kimberly A. Fields sold 59,749 shares and insiders have sold approximately $34 million in stock over the past 90 days.

Quantbot Technologies LP purchased a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 27,156 shares of the basic materials company's stock, valued at approximately $5,352,000.

A number of other hedge funds have also modified their holdings of ATI. Meeder Asset Management Inc. lifted its holdings in shares of ATI by 2.8% during the first quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company's stock worth $401,000 after purchasing an additional 74 shares during the period. Lido Advisors LLC boosted its position in ATI by 2.7% in the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company's stock valued at $308,000 after buying an additional 101 shares during the last quarter. Signature Equity Partners LLC increased its holdings in ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock worth $26,000 after buying an additional 123 shares during the period. Activest Wealth Management increased its holdings in ATI by 17.6% in the 4th quarter. Activest Wealth Management now owns 834 shares of the basic materials company's stock worth $96,000 after buying an additional 125 shares during the period. Finally, D.A. Davidson & CO. raised its position in ATI by 2.0% during the 4th quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company's stock worth $827,000 after buying an additional 140 shares during the last quarter.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 218,014 shares of the company's stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 177,044 shares of company stock valued at $33,976,616. Insiders own 0.98% of the company's stock.

ATI Stock Down 1.1%

Shares of ATI stock opened at $206.84 on Friday. ATI Inc. has a twelve month low of $71.94 and a twelve month high of $243.57. The stock 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 stock has a 50 day moving average of $200.19 and a 200 day moving average of $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 (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, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts expect that ATI Inc. will post 5.15 EPS for the current year.

Analyst Upgrades and Downgrades

ATI has been the subject of several research reports. Weiss Ratings upgraded shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Zacks Research upgraded shares of ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. raised their target price on shares of ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $262.00 target price on shares of ATI in a research report on Monday, August 10th. Finally, TD Cowen upped their price target on shares of ATI from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $232.00.

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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