Public Employees Retirement System of Ohio Makes New Investment in ATI Inc. $ATI

Public Employees Retirement System of Ohio purchased a new position in ATI Inc. (NYSE:ATI) in the second quarter, HoldingsChannel.com reports. The fund purchased 40,142 shares of the basic materials company’s stock, valued at approximately $7,912,000.

Several other institutional investors and hedge funds have also made changes to their positions in ATI. Meeder Asset Management Inc. increased its position in ATI by 2.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 74 shares in the last quarter. Lido Advisors LLC lifted its holdings 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 purchasing an additional 101 shares in the last quarter. Signature Equity Partners LLC lifted its holdings 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 purchasing an additional 123 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of ATI by 2.0% during the 4th quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock worth $827,000 after purchasing an additional 140 shares during the last quarter. Finally, ARK Investment Management LLC boosted its stake in shares of ATI by 19.8% during the 4th quarter. ARK Investment Management LLC now owns 889 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 147 shares during the last quarter.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of ATI stock in a transaction 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 transaction, the chief executive officer owned 157,321 shares in the company, valued at $28,775,584.11. This trade represents a 20.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 117,295 shares of company stock valued at $23,277,362. 0.98% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATI. TD Cowen lifted their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. KeyCorp boosted their price target on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, ATI currently has an average rating of “Buy” and an average target price of $232.00.

ATI Trading Down 1.6%

Shares of ATI stock opened at $200.85 on Wednesday. The firm has a market cap of $27.35 billion, a P/E ratio of 58.90, a PEG ratio of 1.23 and a beta of 1.01. ATI Inc. has a 1-year low of $74.45 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 firm’s 50-day simple moving average is $201.67 and its 200-day simple moving average is $175.64.

ATI (NYSE:ATI) last released 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s quarterly 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. As a group, equities analysts forecast that ATI Inc. will post 5.15 EPS for the current year.

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.