Assenagon Asset Management S.A. Buys 558,212 Shares of ATI Inc. $ATI

Assenagon Asset Management S.A. raised its stake in shares of ATI Inc. (NYSE:ATI) by 2,162.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,030 shares of the basic materials company’s stock after purchasing an additional 558,212 shares during the period. Assenagon Asset Management S.A.’s holdings in ATI were worth $84,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 120,442 shares of company stock valued at $21,219,431. 0.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BTIG Research upped their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. Susquehanna raised their price objective on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, April 10th. KeyCorp boosted their target price on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings cut ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Wells Fargo & Company began coverage on ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.38.

ATI Trading Down 1.2%

NYSE ATI opened at $197.22 on Thursday. The company’s 50-day moving average price is $170.70 and its 200-day moving average price is $147.13. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The stock has a market cap of $26.91 billion, a PE ratio of 65.30, a PEG ratio of 1.72 and a beta of 0.96. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $205.31.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $0.72 EPS. The firm’s revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities research analysts forecast that ATI Inc. will post 4.43 earnings per share for the current year.

ATI 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.