Sequoia Financial Advisors LLC Raises Stock Position in ATI Inc. $ATI

Sequoia Financial Advisors LLC lifted its position in ATI Inc. (NYSE:ATI) by 485.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 33,554 shares of the basic materials company’s stock after purchasing an additional 27,826 shares during the period. Sequoia Financial Advisors LLC’s holdings in ATI were worth $6,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in shares of ATI by 19,689.8% during the 2nd quarter. California State Teachers Retirement System now owns 31,220,640 shares of the basic materials company’s stock worth $6,153,588,000 after acquiring an additional 31,062,879 shares during the last quarter. BlackRock Inc. bought a new position in shares of ATI in the second quarter worth about $3,687,529,000. Bank of America Corp DE bought a new position in ATI in the 2nd quarter worth approximately $348,285,000. Norges Bank bought a new position in shares of ATI during the fourth quarter worth $198,787,000. Finally, SG Americas Securities LLC grew its position in shares of ATI by 1,471.8% during the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock valued at $156,423,000 after purchasing an additional 1,006,951 shares in the last quarter.

ATI Stock Performance

Shares of ATI stock opened at $198.71 on Friday. The company has a 50 day moving average price of $203.34 and a 200 day moving average price of $178.63. The firm has a market capitalization of $27.06 billion, a P/E ratio of 58.27, a PEG ratio of 1.21 and a beta of 1.01. ATI Inc. has a 52 week low of $75.02 and a 52 week high of $243.57. 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 (NYSE:ATI) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The business’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 expect that ATI Inc. will post 5.11 EPS for the current year.

Insider Buying and Selling at ATI

In other news, VP Timothy J. Harris sold 16,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $207.54, for a total value of $3,424,410.00. Following the sale, the vice president owned 113,687 shares in the company, valued at $23,594,599.98. This represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David J. Morehouse sold 2,485 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 152,780 shares of company stock worth $30,667,938. Company insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ATI. KeyCorp raised their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. TD Cowen upped their target price on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $275.00 target price on shares of ATI in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, ATI currently has a consensus rating of “Buy” and a consensus price target of $232.00.

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.