HighTower Advisors LLC Sells 2,791 Shares of ATI Inc. $ATI

HighTower Advisors LLC lowered its position in ATI Inc. (NYSE:ATI) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,264 shares of the basic materials company’s stock after selling 2,791 shares during the period. HighTower Advisors LLC’s holdings in ATI were worth $6,162,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares during the period. Goldman Sachs Group Inc. increased its position in shares of ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after acquiring an additional 209,480 shares during the last quarter. Cetera Investment Advisers bought a new stake in ATI during the second quarter worth about $324,000. M&T Bank Corp bought a new stake in ATI during the second quarter worth about $317,000. Finally, First Trust Advisors LP boosted its position in ATI by 4.9% during the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after purchasing an additional 9,234 shares during the last quarter.

Analysts Set New Price Targets

ATI has been the subject of several analyst reports. KeyCorp raised their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $262.00 target price on shares of ATI in a research note on Monday, August 10th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $275.00 price target on shares of ATI in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $232.00.

ATI Trading Down 3.6%

ATI stock opened at $199.10 on Friday. 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 company has a fifty day moving average price of $203.12 and a two-hundred day moving average price of $178.49. ATI Inc. has a one year low of $75.02 and a one year high of $243.57. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 58.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Equities analysts anticipate that ATI Inc. will post 5.11 EPS for the current year.

Insider Buying and Selling

In related news, Director David Morehouse sold 2,485 shares of the company’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 transaction, the director owned 35,826 shares in the company, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kimberly Fields sold 24,845 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the completion of the transaction, the chief executive officer directly owned 100,719 shares in the company, valued at approximately $23,285,225.61. This represents a 19.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 152,780 shares of company stock valued at $30,667,938. Company insiders own 0.98% of the company’s stock.

ATI Company 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.