Senator Investment Group LP Sells 65,000 Shares of ATI Inc. $ATI

Senator Investment Group LP lessened its stake in ATI Inc. (NYSE:ATI) by 44.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,000 shares of the basic materials company’s stock after selling 65,000 shares during the quarter. Senator Investment Group LP owned about 0.06% of ATI worth $15,768,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ATI. Bank of Nova Scotia increased its holdings in shares of ATI by 92.9% in the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock worth $67,951,000 after acquiring an additional 224,949 shares in the last quarter. Precision Wealth Strategies LLC bought a new position in shares of ATI during the 1st quarter valued at about $1,009,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of ATI during the 2nd quarter valued at about $129,773,000. Northwestern Mutual Wealth Management Co. increased its stake in ATI by 456.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock worth $14,875,000 after purchasing an additional 106,343 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in ATI during the 1st quarter worth approximately $1,106,000.

ATI Trading Down 0.2%

Shares of NYSE:ATI opened at $210.29 on Monday. ATI Inc. has a 52-week low of $74.45 and a 52-week high of $243.57. 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 company has a market capitalization of $28.64 billion, a P/E ratio of 61.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company has a 50-day simple moving average of $201.64 and a 200 day simple moving average of $174.72.

ATI (NYSE:ATI) last posted its quarterly earnings results 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. The business 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%.The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business 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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. TD Cowen lifted their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. KeyCorp boosted their price target on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Susquehanna lifted their target price on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Finally, BTIG Research boosted their target price on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $232.00.

Insider Activity at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the sale, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 177,044 shares of company stock valued at $33,976,616 in the last 90 days. Corporate insiders own 0.98% of the company’s stock.

ATI Company Profile

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.