3,985 Shares in ATI Inc. $ATI Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new stake in ATI Inc. (NYSE:ATI) during the second quarter, Holdings Channel.com reports. The firm bought 3,985 shares of the basic materials company’s stock, valued at approximately $785,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATI. Danske Bank A S bought a new stake in shares of ATI during the second quarter worth $7,290,000. Diversify Advisory Services LLC bought a new position in shares of ATI in the 2nd quarter valued at $388,000. Meeder Advisory Services Inc. acquired a new stake in shares of ATI during the 2nd quarter valued at $273,000. Meeder Asset Management Inc. acquired a new stake in shares of ATI during the 2nd quarter valued at $77,000. Finally, Citizens Financial Group Inc. RI bought a new stake in ATI during the 2nd quarter worth $459,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ATI shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $275.00 target price on shares of ATI in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $262.00 price target on shares of ATI in a research note on Monday, August 10th. JPMorgan Chase & Co. boosted their price target on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. BTIG Research upped their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. 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 MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $232.00.

ATI Stock Performance

Shares of ATI stock opened at $206.84 on Friday. The stock has a market cap of $28.17 billion, a price-to-earnings ratio of 60.66, a P/E/G ratio of 1.26 and a beta of 0.98. ATI Inc. has a twelve month low of $71.94 and a twelve month high of $243.57. The company’s fifty day moving average is $200.19 and its 200 day moving average is $171.49. 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 earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates 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 company 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.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 24,845 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was 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 $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 177,044 shares of company stock valued at $33,976,616 over the last ninety 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.