Capstone Investment Advisors LLC Acquires New Shares in ATI Inc. $ATI

Capstone Investment Advisors LLC bought a new stake in shares of ATI Inc. (NYSE:ATI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,849 shares of the basic materials company’s stock, valued at approximately $2,138,000.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of ATI in the second quarter worth approximately $3,687,529,000. Bank of America Corp DE bought a new position in ATI during the second quarter valued at approximately $348,285,000. Norges Bank bought a new position in ATI during the fourth quarter valued at approximately $198,787,000. SG Americas Securities LLC boosted its holdings 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 worth $156,423,000 after purchasing an additional 1,006,951 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in 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 purchasing an additional 889,912 shares during the last quarter.

Wall Street Analyst Weigh In

ATI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. BTIG Research increased their price target on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $262.00 price target on shares of ATI in a research note on Monday, August 10th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $275.00 price objective on shares of ATI in a report on Monday, August 10th. Finally, KeyCorp upped their price objective on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. One research 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 company has a consensus rating of “Buy” and an average price target of $232.00.

ATI Stock Performance

ATI opened at $214.63 on Friday. The company’s 50 day moving average is $201.46 and its 200 day moving average is $174.20. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The company has a market cap of $29.23 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 1.28 and a beta of 0.98. ATI Inc. has a 12-month low of $74.45 and a 12-month high of $243.57.

ATI (NYSE:ATI) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. 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 predict that ATI Inc. will post 5.15 EPS for the current year.

Insider Activity

In other news, CEO Kimberly A. Fields sold 24,845 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the completion of the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at $23,285,225.61. The trade was a 19.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 177,044 shares of company stock worth $33,976,616. Insiders own 0.98% of the company’s stock.

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.