Wellington Management Group LLP Acquires 5,656 Shares of ATI Inc. $ATI

Wellington Management Group LLP raised its holdings in shares of ATI Inc. (NYSE:ATI) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,401 shares of the basic materials company’s stock after purchasing an additional 5,656 shares during the period. Wellington Management Group LLP’s holdings in ATI were worth $16,044,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Signature Equity Partners LLC increased its stake in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares during the period. CoreCap Advisors LLC bought a new stake in ATI in the second quarter valued at $30,000. Summit Securities Group LLC purchased a new position in ATI during the 1st quarter valued at $60,000. Hollencrest Capital Management increased its position in ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 334 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in ATI by 137.3% in the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 346 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ATI shares. Susquehanna lifted their target price on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. KeyCorp lifted 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. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $232.00.

Insider Activity at ATI

In other news, Director David Morehouse sold 2,485 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total transaction of $501,000.85. Following the sale, the director owned 35,826 shares in the company, valued at $7,222,879.86. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kimberly Fields sold 24,845 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the completion of the transaction, the chief executive officer directly owned 100,719 shares in the company, valued at $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 136,280 shares of company stock valued at $27,243,528. 0.98% of the stock is owned by insiders.

ATI Price Performance

Shares of NYSE ATI opened at $210.52 on Monday. The company has a 50 day simple moving average of $202.12 and a two-hundred day simple moving average of $176.97. ATI Inc. has a fifty-two week low of $74.45 and a fifty-two week high of $243.57. The company has a market capitalization of $28.67 billion, a price-to-earnings ratio of 61.74, a P/E/G ratio of 1.28 and a beta of 1.01. 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 (NYSE:ATI) last posted its quarterly 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 expect that ATI Inc. will post 5.11 EPS 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.