Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Takes $4.73 Million Position in ATI Inc. $ATI

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new position in ATI Inc. (NYSE:ATI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,000 shares of the basic materials company’s stock, valued at approximately $4,730,000. ATI comprises about 0.6% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s holdings, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of ATI by 8.1% in 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. boosted its holdings in ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares during the last quarter. Cetera Investment Advisers purchased a new stake in ATI in the second quarter worth approximately $324,000. M&T Bank Corp purchased a new stake in ATI in the second quarter worth approximately $317,000. Finally, First Trust Advisors LP grew its position in ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after purchasing an additional 9,234 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ATI shares. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $275.00 price objective on shares of ATI in a report on Monday, August 10th. BTIG Research upped their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $232.00.

Insider Buying and Selling

In other news, CEO Kimberly A. Fields sold 31,757 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the transaction, the chief executive officer owned 125,564 shares of the company’s stock, valued at $23,981,468.36. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 152,199 shares of company stock valued at $28,232,700 in the last three months. Corporate insiders own 0.98% of the company’s stock.

ATI Trading Up 0.7%

NYSE:ATI opened at $228.76 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 firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 67.08, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. ATI Inc. has a one year low of $70.42 and a one year high of $243.57. The business has a fifty day moving average price of $197.35 and a 200-day moving average price of $168.14.

ATI (NYSE:ATI) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.ATI’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. 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 forecast that ATI Inc. will post 5.15 EPS for the current year.

About ATI

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.