VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 23,828 ATI Inc. $ATI

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of ATI Inc. (NYSE:ATI) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 23,828 shares of the basic materials company’s stock, valued at approximately $4,696,000.

A number of other large investors have also recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in shares of ATI in the 2nd quarter valued at $30,000. Signature Equity Partners LLC boosted its stake in ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares in the last quarter. Triumph Capital Management boosted its stake in ATI by 22.4% in the second quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock valued at $62,000 after buying an additional 58 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in ATI in the second quarter valued at about $73,000. Finally, Meeder Asset Management Inc. bought a new position in ATI in the second quarter valued at about $77,000.

Insider Buying and Selling at ATI

In other news, VP Timothy Harris sold 16,500 shares of the firm’s 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 approximately $27,340,571.87. This trade represents a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kimberly Fields sold 40,000 shares of ATI stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the transaction, the chief executive officer owned 157,321 shares in the company, valued at approximately $28,775,584.11. This trade represents a 20.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 136,280 shares of company stock worth $27,243,528. 0.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ATI shares. KeyCorp increased their target price on shares of ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $262.00 price objective on shares of ATI in a research report on Monday, August 10th. BTIG Research increased their price objective on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $275.00 target price on shares of ATI in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. 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.com, the company has a consensus rating of “Buy” and a consensus price target of $232.00.

ATI Stock Performance

Shares of ATI stock opened at $206.91 on Thursday. The firm has a market capitalization of $28.17 billion, a price-to-earnings ratio of 60.68, a PEG ratio of 1.26 and a beta of 1.01. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $202.90 and its 200-day moving average price is $178.21. ATI Inc. has a 12 month low of $75.02 and a 12 month high of $243.57.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 forecast that ATI Inc. will post 5.11 EPS for the current year.

About ATI

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.