Rational Advisors Inc. raised its position in ATI Inc. (NYSE:ATI – Free Report) by 104.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,100 shares of the basic materials company’s stock after purchasing an additional 7,200 shares during the quarter. Rational Advisors Inc.’s holdings in ATI were worth $2,779,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its position in shares of ATI by 2.8% during the first quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock worth $401,000 after buying an additional 74 shares during the period. Lido Advisors LLC raised its position in ATI by 2.7% in the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after buying an additional 101 shares during the last quarter. Signature Equity Partners LLC raised its position in ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares during the last quarter. D.A. Davidson & CO. lifted its stake in ATI by 2.0% in the 4th quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock valued at $827,000 after acquiring an additional 140 shares in the last quarter. Finally, ARK Investment Management LLC lifted its stake in ATI by 19.8% in the 4th quarter. ARK Investment Management LLC now owns 889 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 147 shares in the last quarter.
Insider Activity at ATI
In other news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 177,044 shares of company stock valued at $33,976,616. Company insiders own 0.98% of the company’s stock.
ATI Price Performance
ATI (NYSE:ATI – Get Free Report) last posted its quarterly 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The company’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, research analysts expect that ATI Inc. will post 5.15 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 price objective on shares of ATI in a research report on Monday, August 10th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. TD Cowen lifted their price target on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. KeyCorp boosted their price target on shares of ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat, ATI currently has an average rating of “Buy” and a consensus price target of $232.00.
Check Out Our Latest Research Report on ATI
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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