Sumitomo Mitsui DS Asset Management Company Ltd Buys 15,171 Shares of ATI Inc. $ATI

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in ATI Inc. (NYSE:ATI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,171 shares of the basic materials company’s stock, valued at approximately $2,873,000.

A number of other hedge funds also recently modified their holdings of the business. AA Financial Advisors LLC boosted its position in shares of ATI by 50.1% in the third quarter. AA Financial Advisors LLC now owns 1,606 shares of the basic materials company’s stock worth $304,000 after buying an additional 536 shares during the period. IFP Advisors Inc grew its holdings in shares of ATI by 172.6% during the third quarter. IFP Advisors Inc now owns 2,693 shares of the basic materials company’s stock valued at $510,000 after buying an additional 1,705 shares in the last quarter. AlphaStar Capital Management LLC raised its position in ATI by 3.0% during the third quarter. AlphaStar Capital Management LLC now owns 2,408 shares of the basic materials company’s stock valued at $456,000 after buying an additional 70 shares during the period. USA Financial Formulas acquired a new position in ATI during the third quarter valued at $138,000. Finally, Vontobel Holding Ltd. raised its position in ATI by 65.8% during the third quarter. Vontobel Holding Ltd. now owns 4,476 shares of the basic materials company’s stock valued at $848,000 after buying an additional 1,777 shares during the period.

Analysts Set New Price Targets

Several brokerages recently issued reports on ATI. KeyCorp reduced their price objective on ATI from $258.00 to $228.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. BTIG Research lifted their target price on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, TD Cowen increased their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. One equities 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, ATI currently has a consensus rating of “Buy” and an average price target of $223.88.

Insider Activity at ATI

In related news, VP Timothy J. Harris sold 9,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $191.82, for a total value of $1,726,380.00. Following the completion of the sale, the vice president directly owned 88,187 shares in the company, valued at approximately $16,916,030.34. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David J. Morehouse sold 2,485 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total transaction of $501,000.85. Following the transaction, the director directly owned 35,826 shares in the company, valued at $7,222,879.86. The trade was a 6.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 117,587 shares of company stock valued at $24,111,631. Insiders own 0.98% of the company’s stock.

ATI Price Performance

NYSE ATI opened at $161.68 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $22.02 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 1.07 and a beta of 0.99. The company has a 50 day moving average price of $197.00 and a two-hundred day moving average price of $186.07. ATI Inc. has a 12-month low of $83.15 and a 12-month high of $243.57.

ATI (NYSE:ATI) last posted its earnings results on Thursday, August 6th. The basic materials company reported $1.23 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 the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts predict that ATI Inc. will post 5.13 earnings per share for the current fiscal year.

ATI Company Profile

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving demanding applications in the aerospace and defense, medical, energy, and industrial markets. The company develops and produces materials designed to perform in high-temperature, high-strength, and corrosion-resistant environments.

Its products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, precision-rolled materials, forgings, and other engineered components. These products are used in aircraft engines and airframes, defense systems, medical implants and devices, power-generation equipment, and other industrial applications.

ATI was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc The company serves customers in the United States and international markets through manufacturing and processing operations across North America and Europe.