Arrowstreet Capital Limited Partnership Boosts Holdings in ATI Inc. $ATI

Arrowstreet Capital Limited Partnership raised its holdings in shares of ATI Inc. (NYSE:ATI) by 231.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,203,726 shares of the basic materials company’s stock after buying an additional 840,455 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in ATI were worth $175,094,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Nova Scotia grew its stake 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 purchasing an additional 224,949 shares during the last quarter. Lido Advisors LLC lifted its holdings in ATI by 29.0% in the 1st quarter. Lido Advisors LLC now owns 5,110 shares of the basic materials company’s stock worth $743,000 after buying an additional 1,148 shares during the period. Cetera Investment Advisers lifted its holdings in ATI by 75.7% in the 1st quarter. Cetera Investment Advisers now owns 26,675 shares of the basic materials company’s stock worth $3,880,000 after buying an additional 11,492 shares during the period. Signature Equity Partners LLC grew its position in shares of ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares during the last quarter. Finally, NewEdge Wealth LLC increased its stake in shares of ATI by 41.2% during the first quarter. NewEdge Wealth LLC now owns 2,857 shares of the basic materials company’s stock valued at $416,000 after buying an additional 834 shares during the period.

ATI Stock Performance

Shares of ATI opened at $197.47 on Friday. The business’s fifty day simple moving average is $185.32 and its two-hundred day simple moving average is $159.20. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $205.31. The company has a market cap of $26.95 billion, a price-to-earnings ratio of 65.39, a P/E/G ratio of 1.59 and a beta of 0.96.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Research analysts anticipate that ATI Inc. will post 4.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 160,442 shares of company stock valued at $28,535,831 in the last 90 days. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Wells Fargo & Company assumed coverage on shares of ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective for the company. Finally, Susquehanna lifted their price objective on ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $176.78.

About ATI

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.