Empowered Funds LLC Invests $18.01 Million in ATI Inc. $ATI

Empowered Funds LLC purchased a new stake in shares of ATI Inc. (NYSE:ATI) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 91,374 shares of the basic materials company’s stock, valued at approximately $18,010,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Nova Scotia boosted its holdings in ATI by 92.9% in the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock valued at $67,951,000 after acquiring an additional 224,949 shares in the last quarter. Precision Wealth Strategies LLC bought a new position in ATI in the first quarter worth about $1,009,000. Northwestern Mutual Wealth Management Co. lifted its holdings in ATI by 456.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock worth $14,875,000 after buying an additional 106,343 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in ATI in the first quarter worth about $1,106,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in ATI during the 1st quarter valued at approximately $4,599,000.

ATI Trading Down 2.0%

NYSE:ATI opened at $210.29 on Friday. The firm has a market capitalization of $28.64 billion, a P/E ratio of 61.67, a PEG ratio of 1.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. ATI Inc. has a one year low of $74.45 and a one year high of $243.57. The company’s 50-day simple moving average is $201.64 and its 200 day simple moving average is $174.45.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, TD Cowen increased their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $232.00.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 24,845 shares of the firm’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 transaction of $5,743,915.55. Following the completion of the transaction, the chief executive officer owned 100,719 shares of the company’s stock, valued at $23,285,225.61. This trade represents a 19.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 177,044 shares of company stock valued at $33,976,616. Corporate insiders own 0.98% of the company’s stock.

ATI Company 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.