6,652 Shares in ATI Inc. $ATI Purchased by State of Wyoming

State of Wyoming bought a new stake in ATI Inc. (NYSE:ATI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,652 shares of the basic materials company’s stock, valued at approximately $1,311,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after acquiring an additional 415,479 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of ATI by 12.0% during the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after purchasing an additional 386,754 shares during the last quarter. Invesco Ltd. raised its holdings in shares of ATI by 7.4% during the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after purchasing an additional 233,010 shares during the last quarter. Norges Bank acquired a new position in ATI during the fourth quarter valued at $198,787,000. Finally, Bank of America Corp DE lifted its position in ATI by 70.8% during the first quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company’s stock valued at $198,544,000 after purchasing an additional 565,867 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ATI. JPMorgan Chase & Co. increased their price target on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 price objective on shares of ATI in a report on Monday, August 10th. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, KeyCorp raised their target price on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, ATI currently has an average rating of “Buy” and an average target price of $232.00.

ATI Price Performance

Shares of ATI stock opened at $228.76 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. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $243.57. The business has a 50-day moving average price of $197.35 and a 200 day moving average price of $168.14. The firm has a market cap of $31.15 billion, a PE ratio of 67.08, a P/E/G ratio of 1.38 and a beta of 0.98.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. ATI’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. Sell-side analysts predict that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of the company’s 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 completion of the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 152,199 shares of company stock worth $28,232,700. Corporate 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.