Wellington Management Group LLP Grows Position in ATI Inc. $ATI

Wellington Management Group LLP raised its holdings in ATI Inc. (NYSE:ATI) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,401 shares of the basic materials company’s stock after purchasing an additional 5,656 shares during the period. Wellington Management Group LLP owned 0.06% of ATI worth $16,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in ATI during the 2nd quarter valued at $3,687,529,000. Bank of America Corp DE bought a new position in shares of ATI in the second quarter worth $348,285,000. Norges Bank purchased a new position in shares of ATI in the fourth quarter valued at $198,787,000. SG Americas Securities LLC raised its stake in shares of ATI by 1,471.8% during the 1st quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock valued at $156,423,000 after purchasing an additional 1,006,951 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in ATI by 684.9% during the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after purchasing an additional 889,912 shares in the last quarter.

Analyst Ratings Changes

ATI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $262.00 target price on shares of ATI in a report on Monday, August 10th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. TD Cowen raised 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. Susquehanna upped their price target on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $232.00.

ATI Stock Performance

ATI stock opened at $210.52 on Monday. ATI Inc. has a fifty-two week low of $74.45 and a fifty-two week high of $243.57. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The stock has a market cap of $28.67 billion, a P/E ratio of 61.74, a price-to-earnings-growth ratio of 1.28 and a beta of 1.01. The firm’s fifty day moving average price is $202.12 and its 200-day moving average price is $176.97.

ATI (NYSE:ATI) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. 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, equities research analysts expect that ATI Inc. will post 5.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Kimberly Fields sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $182.91, for a total value of $7,316,400.00. Following the completion of the sale, the chief executive officer directly owned 157,321 shares in the company, valued at approximately $28,775,584.11. The trade was a 20.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Morehouse sold 2,485 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total transaction of $501,000.85. Following the completion of the sale, the director directly owned 35,826 shares of the company’s stock, valued at $7,222,879.86. This trade represents a 6.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 136,280 shares of company stock valued at $27,243,528. 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.