ATI Inc. $ATI Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP grew its holdings in ATI Inc. (NYSE:ATI) by 26.3% in the second quarter, Holdings Channel reports. The institutional investor owned 87,049 shares of the basic materials company’s stock after acquiring an additional 18,104 shares during the quarter. Engineers Gate Manager LP’s holdings in ATI were worth $17,157,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Triumph Capital Management lifted its position in shares of ATI by 22.4% during the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock valued at $62,000 after buying an additional 58 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in ATI by 2.8% in the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock worth $401,000 after acquiring an additional 74 shares in the last quarter. Lido Advisors LLC increased 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 worth $308,000 after acquiring an additional 101 shares in the last quarter. Signature Equity Partners LLC increased 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 worth $26,000 after acquiring an additional 123 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in ATI by 28.4% during the second quarter. Parkside Financial Bank & Trust now owns 610 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 135 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ATI shares. KeyCorp increased their price objective on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $262.00 target price on shares of ATI in a research note on Monday, August 10th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. BTIG Research raised their price target on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, TD Cowen lifted their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $232.00.

ATI Stock Performance

NYSE ATI opened at $206.91 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The stock’s fifty day moving average is $202.90 and its two-hundred day moving average is $178.21. The firm has a market capitalization of $28.17 billion, a P/E ratio of 60.68, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. ATI Inc. has a fifty-two week low of $75.02 and a fifty-two week high of $243.57.

ATI (NYSE:ATI) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $0.74 EPS. The company’s revenue for the quarter 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, research analysts anticipate that ATI Inc. will post 5.11 earnings per share for the current year.

Insider Activity at ATI

In other ATI news, Director David J. Morehouse sold 2,485 shares of ATI stock in a transaction dated Wednesday, September 2nd. The shares were 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 of the company’s stock, valued at $7,222,879.86. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy J. Harris sold 16,500 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the completion of the transaction, the vice president owned 130,187 shares in the company, valued at $27,340,571.87. The trade was a 11.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 136,280 shares of company stock valued at $27,243,528. 0.98% of the stock is owned by company insiders.

ATI Profile

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving aerospace and defense, medical, energy, transportation, and other demanding industrial markets. The company develops and produces advanced alloys and engineered materials designed to perform in high-temperature, corrosive, and high-stress environments.

ATI’s products include nickel-based superalloys, titanium and titanium-based materials, specialty stainless steels, zirconium and other specialty alloys. Its manufacturing capabilities also include precision forgings, castings, rolled products, and machined components used in aircraft engines, airframes, power-generation equipment, medical devices, and industrial applications.

The company was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc’s specialty metals operations and adopted the name ATI Inc in 2021.