Freestone Grove Partners LP Acquires Shares of 587,093 ATI Inc. $ATI

Freestone Grove Partners LP bought a new position in ATI Inc. (NYSE:ATI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 587,093 shares of the basic materials company’s stock, valued at approximately $115,716,000. ATI makes up about 0.7% of Freestone Grove Partners LP’s holdings, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of ATI in the second quarter worth $3,687,529,000. State Street Corp grew its stake in ATI by 7.4% in the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after purchasing an additional 415,479 shares in the last quarter. Capital Research Global Investors increased its position in 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 worth $414,481,000 after purchasing an additional 386,754 shares during the last quarter. Invesco Ltd. raised its stake in shares of ATI by 7.4% during the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after purchasing an additional 233,010 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of ATI during the 4th quarter valued at about $198,787,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company restated an “overweight” rating and issued a $275.00 price objective on shares of ATI in a report on Monday, August 10th. Susquehanna boosted their target price on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. KeyCorp raised their price target on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, ATI currently has an average rating of “Buy” and an average target price of $232.00.

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 177,044 shares of company stock valued at $33,976,616 over the last 90 days. Company insiders own 0.98% of the company’s stock.

ATI Stock Performance

Shares of NYSE ATI opened at $213.02 on Thursday. The business’s 50-day simple moving average is $201.19 and its 200-day simple moving average is $173.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. ATI Inc. has a 52 week low of $74.45 and a 52 week high of $243.57. The firm has a market cap of $29.01 billion, a price-to-earnings ratio of 62.47, a P/E/G ratio of 1.30 and a beta of 0.98.

ATI (NYSE:ATI) last posted its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, equities research analysts expect that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

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.