Deutsche Bank AG Buys New Shares in ATI Inc. $ATI

Deutsche Bank AG purchased a new stake in shares of ATI Inc. (NYSE:ATI) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 162,592 shares of the basic materials company’s stock, valued at approximately $32,047,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATI. CoreCap Advisors LLC bought a new position in shares of ATI in the second quarter worth about $30,000. Signature Equity Partners LLC grew its stake in shares of ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 123 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ATI in the 2nd quarter worth approximately $73,000. Summit Securities Group LLC purchased a new stake in ATI in the 1st quarter worth approximately $60,000. Finally, Hollencrest Capital Management raised its stake in ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 334 shares during the period.

Insider Activity

In related news, CEO Kimberly A. Fields sold 24,845 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 100,719 shares in the company, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 177,044 shares of company stock worth $33,976,616 over the last ninety days. 0.98% of the stock is currently owned by insiders.

ATI Price Performance

ATI stock opened at $206.84 on Friday. The company has a fifty day simple moving average of $200.19 and a two-hundred day simple moving average of $171.49. ATI Inc. has a 52 week low of $71.94 and a 52 week high of $243.57. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $28.17 billion, a P/E ratio of 60.66, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Analysts anticipate that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on ATI. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. increased their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. KeyCorp boosted their price objective on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, TD Cowen upped their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $232.00.

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.