UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 73,534 Shares of ATI Inc. $ATI

Key Points

• UBS Asset Management increased its ATI position by 20.7% in the second quarter, acquiring 73,534 shares and bringing its holdings to 428,271 shares valued at approximately $84.4 million.
• ATI reported quarterly earnings of $1.23 per share, beating estimates of $1.03, while revenue rose 10.6% year over year to $1.26 billion. The company guided for third-quarter 2026 EPS of $1.31–$1.37 and full-year EPS of $4.90–$5.18.
• Analysts maintain a bullish outlook, with ATI receiving a consensus “Buy” rating and an average price target of $232, compared with a recent share price near $201.26. Meanwhile, company insiders have sold 133,795 shares worth about $26.7 million over the past 90 days.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ATI Inc. (NYSE:ATI - Free Report) by 20.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 428,271 shares of the basic materials company's stock after acquiring an additional 73,534 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of ATI worth $84,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATI. BlackRock Inc. bought a new stake in shares of ATI in the 2nd quarter valued at $3,687,529,000. Bank of America Corp DE bought a new position in ATI during the second quarter worth about $348,285,000. Norges Bank acquired a new position in ATI in the fourth quarter valued at about $198,787,000. SG Americas Securities LLC grew its stake in ATI by 1,471.8% in the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company's stock valued at $156,423,000 after acquiring an additional 1,006,951 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of ATI by 684.9% in the fourth quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company's stock worth $117,037,000 after acquiring an additional 889,912 shares in the last quarter.

ATI Stock Up 0.2%

NYSE:ATI opened at $201.26 on Thursday. The stock has a 50-day simple moving average of $201.75 and a 200 day simple moving average of $176.07. ATI Inc. has a 52-week low of $74.45 and a 52-week high of $243.57. The company has a market cap of $27.41 billion, a PE ratio of 59.02, a PEG ratio of 1.22 and a beta of 1.01. 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 earnings results 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. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations 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 previous year, the business 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, sell-side analysts expect that ATI Inc. will post 5.12 EPS for the current fiscal year.

Analyst Ratings Changes

ATI has been the topic of a number of research analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and set a $275.00 price target on shares of ATI in a research report on Monday, August 10th. KeyCorp raised their target price on shares of ATI from $211.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $262.00 target price on shares of ATI in a report on Monday, August 10th. Wall Street Zen upgraded shares of ATI from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, TD Cowen increased their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $232.00.

Insider Buying and Selling at ATI

In other ATI news, VP Timothy J. Harris sold 16,500 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the sale, the vice president directly owned 130,187 shares of the company's stock, valued at $27,340,571.87. The trade was a 11.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the transaction, the chief executive officer owned 157,321 shares of the company's stock, valued at approximately $28,775,584.11. This represents a 20.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 133,795 shares of company stock valued at $26,742,527 in the last 90 days. 0.98% of the stock is currently owned by corporate insiders.

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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