10,517 Shares in ATI Inc. $ATI Acquired by Sigma Planning Corp

Sigma Planning Corp purchased a new stake in ATI Inc. (NYSE:ATI) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 10,517 shares of the basic materials company’s stock, valued at approximately $1,530,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after purchasing an additional 415,479 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of ATI by 12.0% in the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock valued at $414,481,000 after buying an additional 386,754 shares in the last quarter. Invesco Ltd. grew its position in shares of ATI by 7.4% in the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after buying an additional 233,010 shares during the last quarter. Norges Bank purchased a new position in shares of ATI in the 4th quarter valued at $198,787,000. Finally, UBS Group AG raised its stake in ATI by 143.3% during the 4th quarter. UBS Group AG now owns 1,193,129 shares of the basic materials company’s stock worth $136,923,000 after acquiring an additional 702,656 shares in the last quarter.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated 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 owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 160,442 shares of company stock worth $28,535,831 over the last 90 days. Company insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

ATI has been the subject of a number of research reports. Susquehanna boosted their price target on shares of ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 9th. KeyCorp raised their price objective on ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. TD Cowen lifted their target price on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 target price on shares of ATI in a report on Friday, May 1st. Finally, Wells Fargo & Company started coverage on ATI in a research note on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $176.78.

ATI Stock Up 0.1%

Shares of NYSE:ATI opened at $185.77 on Friday. ATI Inc. has a 1-year low of $70.42 and a 1-year high of $205.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The stock has a market cap of $25.35 billion, a P/E ratio of 61.51, a P/E/G ratio of 1.48 and a beta of 0.96. The firm has a fifty day moving average price of $181.89 and a 200 day moving average price of $156.44.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating 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 company had revenue of $1.15 billion for 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. ATI’s quarterly revenue 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. Sell-side analysts predict that ATI Inc. will post 4.49 EPS 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.