Swiss National Bank Sells 2,900 Shares of ATI Inc. $ATI

Swiss National Bank decreased its stake in shares of ATI Inc. (NYSE:ATI) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 268,800 shares of the basic materials company’s stock after selling 2,900 shares during the quarter. Swiss National Bank owned about 0.20% of ATI worth $39,100,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in shares of ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 225 shares in the last quarter. Allworth Financial LP raised its position in shares of ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 shares during the last quarter. Torren Management LLC bought a new position in ATI in the 4th quarter worth about $52,000. Summit Securities Group LLC bought a new position in ATI in the 1st quarter worth about $60,000. Finally, Clearstead Advisors LLC grew its position in ATI by 137.3% during the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 346 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wells Fargo & Company began coverage on shares of ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. BTIG Research increased their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. KeyCorp boosted their price objective on shares of ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 price objective on shares of ATI in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat.com, ATI currently has a consensus rating of “Buy” and an average target price of $176.78.

ATI Stock Performance

Shares of NYSE ATI opened at $195.74 on Thursday. The firm’s 50-day moving average price is $183.72 and its 200-day moving average price is $158.37. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The company has a market cap of $26.71 billion, a PE ratio of 64.82, a PEG ratio of 1.57 and a beta of 0.96. ATI Inc. has a 52-week low of $70.42 and a 52-week high of $205.31.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The firm’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. As a group, analysts anticipate that ATI Inc. will post 4.49 EPS for the current year.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the completion of the sale, the chief executive officer directly owned 157,321 shares in the company, valued at approximately $28,775,584.11. The trade was a 20.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 160,442 shares of company stock valued at $28,535,831. Insiders own 0.98% of the company’s stock.

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.