Fifth Third Bancorp Raises Stock Position in ATI Inc. $ATI

Fifth Third Bancorp lifted its holdings in shares of ATI Inc. (NYSE:ATI) by 3,506.1% during the 1st quarter, Holdings Channel reports. The firm owned 48,899 shares of the basic materials company’s stock after buying an additional 47,543 shares during the period. Fifth Third Bancorp’s holdings in ATI were worth $7,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ATI. Wealth Enhancement Advisory Services LLC lifted its holdings in ATI by 53.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock worth $3,103,000 after buying an additional 8,939 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of ATI in the fourth quarter worth $6,114,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of ATI by 456.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock worth $14,875,000 after acquiring an additional 106,343 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of ATI by 65.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 25,214 shares of the basic materials company’s stock worth $2,894,000 after acquiring an additional 10,004 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of ATI during the first quarter worth $4,599,000.

ATI Stock Performance

Shares of ATI stock opened at $185.41 on Friday. The stock’s 50-day moving average is $181.35 and its two-hundred day moving average is $156.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $205.31. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 61.40, a PEG ratio of 1.54 and a beta of 0.96.

ATI (NYSE:ATI) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Analysts predict that ATI Inc. will post 4.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ATI shares. BTIG Research lifted their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company initiated coverage on ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price on the stock. JPMorgan Chase & Co. boosted 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. TD Cowen upped their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Finally, KeyCorp increased their price target on shares of ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, ATI has an average rating of “Buy” and an average price target of $176.78.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 160,442 shares of company stock worth $28,535,831 over the last quarter. Insiders own 0.98% of the company’s stock.

ATI 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.