23,828 Shares in ATI Inc. $ATI Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in ATI Inc. (NYSE:ATI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,828 shares of the basic materials company’s stock, valued at approximately $4,696,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATI. Signature Equity Partners LLC increased its holdings in shares of ATI by 208.5% during 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 during the last quarter. CoreCap Advisors LLC acquired a new stake in ATI during the 2nd quarter valued at $30,000. Summit Securities Group LLC acquired a new stake in ATI during the 1st quarter valued at $60,000. Triumph Capital Management boosted its position in ATI by 22.4% during the second quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 58 shares during the period. Finally, Hollencrest Capital Management boosted its position in ATI by 283.1% during the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 334 shares during the period.

ATI Trading Down 0.2%

ATI stock opened at $206.91 on Thursday. ATI Inc. has a 52 week low of $75.02 and a 52 week high of $243.57. The company has a market capitalization of $28.17 billion, a PE ratio of 60.68, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. The company’s 50-day simple moving average is $202.90 and its 200 day simple moving average is $178.21. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s 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, sell-side analysts anticipate that ATI Inc. will post 5.11 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 40,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was 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 approximately $28,775,584.11. This trade represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David J. Morehouse sold 2,485 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the transaction, the director directly owned 35,826 shares of the company’s stock, valued at approximately $7,222,879.86. This trade represents a 6.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 136,280 shares of company stock worth $27,243,528 in the last 90 days. Company insiders own 0.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ATI shares. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Susquehanna lifted their target price on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Wells Fargo & Company reiterated an “overweight” rating and issued a $275.00 price target on shares of ATI in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $262.00 price objective on shares of ATI in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $232.00.

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.