Van ECK Associates Corp Acquires Shares of 27,953 ATI Inc. $ATI

Van ECK Associates Corp purchased a new stake in ATI Inc. (NYSE:ATI) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 27,953 shares of the basic materials company’s stock, valued at approximately $5,510,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATI. Royal Bank of Canada boosted its position in shares of ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after purchasing an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after purchasing an additional 209,480 shares during the period. Cetera Investment Advisers bought a new stake in shares of ATI during the second quarter worth $324,000. M&T Bank Corp bought a new position in ATI during the 2nd quarter worth about $317,000. Finally, First Trust Advisors LP grew its holdings in shares of ATI by 4.9% during the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after buying an additional 9,234 shares in the last quarter.

Insider Activity

In related news, VP Timothy J. Harris sold 16,500 shares of ATI stock in a transaction on Monday, August 31st. The shares were sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the completion of the transaction, the vice president owned 130,187 shares of the company’s stock, valued at $27,340,571.87. This trade represents a 11.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kimberly A. Fields sold 24,845 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $231.19, for a total value of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 133,795 shares of company stock valued at $26,742,527. Insiders own 0.98% of the company’s stock.

ATI Trading Up 0.2%

ATI opened at $201.26 on Thursday. The company’s 50 day moving average is $201.75 and its 200-day moving average is $176.07. The company has a market cap of $27.41 billion, a P/E ratio of 59.02, a PEG ratio of 1.22 and a beta of 1.01. ATI Inc. has a 1-year low of $74.45 and a 1-year high of $243.57. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate 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%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $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 research analysts predict that ATI Inc. will post 5.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

ATI has been the topic of several recent research reports. Susquehanna lifted their price target on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $262.00 price target on shares of ATI in a research note on Monday, August 10th. TD Cowen raised their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. KeyCorp lifted their target price on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $232.00.

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.