Ieq Capital LLC Takes $13.20 Million Position in ATI Inc. $ATI

Ieq Capital LLC purchased a new position in shares of ATI Inc. (NYSE:ATI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 66,949 shares of the basic materials company’s stock, valued at approximately $13,196,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after buying an additional 4,542 shares during the period. Goldman Sachs Group Inc. lifted its position in ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after acquiring an additional 209,480 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of ATI during the second quarter worth approximately $324,000. M&T Bank Corp bought a new stake in shares of ATI during the second quarter worth approximately $317,000. Finally, First Trust Advisors LP boosted its holdings in shares of 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 acquiring an additional 9,234 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ATI. JPMorgan Chase & Co. increased their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Susquehanna boosted their price target on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $262.00 price objective on shares of ATI in a research report on Monday, August 10th. Finally, TD Cowen boosted their target price on shares of ATI from $170.00 to $210.00 and gave the company 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 company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $232.00.

ATI Trading Down 1.1%

Shares of NYSE:ATI opened at $206.84 on Friday. The company has a market capitalization 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. ATI Inc. has a 1 year low of $71.94 and a 1 year high of $243.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. The business’s 50 day simple moving average is $200.19 and its 200 day simple moving average is $171.49.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The firm 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 company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $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, research analysts anticipate that ATI Inc. will post 5.15 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kimberly A. Fields sold 24,845 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $231.19, for a total value of $5,743,915.55. Following the transaction, the chief executive officer owned 100,719 shares in the company, valued at approximately $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 177,044 shares of company stock worth $33,976,616. Corporate insiders own 0.98% of the company’s stock.

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.