Pacer Advisors Inc. Sells 39,468 Shares of ATI Inc. $ATI

Pacer Advisors Inc. lessened its stake in ATI Inc. (NYSE:ATI) by 64.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,679 shares of the basic materials company’s stock after selling 39,468 shares during the period. Pacer Advisors Inc.’s holdings in ATI were worth $3,153,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after acquiring an additional 415,479 shares during the last quarter. Capital Research Global Investors grew its position in ATI by 12.0% in the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after acquiring an additional 386,754 shares in the last quarter. Invesco Ltd. increased its stake in ATI by 7.4% in the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after acquiring an additional 233,010 shares during the last quarter. Norges Bank bought a new position in ATI in the fourth quarter valued at $198,787,000. Finally, Bank of America Corp DE raised its position in ATI by 70.8% during the first quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company’s stock valued at $198,544,000 after purchasing an additional 565,867 shares in the last quarter.

Analysts Set New Price Targets

ATI has been the subject of several research analyst reports. BTIG Research lifted their price target on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Susquehanna boosted their target price on ATI from $185.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 target price on shares of ATI in a research note on Friday, May 1st. Finally, Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, ATI currently has an average rating of “Buy” and a consensus target price of $187.62.

Key Headlines Impacting ATI

Here are the key news stories impacting ATI this week:

• Positive Sentiment: ATI reported second-quarter sales of $1.26 billion, up 11% year over year, while adjusted EPS of $1.23 exceeded the $1.03 consensus estimate. GAAP EPS rose to $1.09 from $0.70, and net income increased 50% to $151 million. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Profitability improved materially: adjusted EBITDA increased 37% to $284 million, with the margin expanding to 22.6% from 18.2%. Aerospace and defense sales rose 13%, and backlog reached approximately $4.4 billion, up 18%, reinforcing expectations for continued demand. ATI Q2 2026 Sales Rise 11% to $1.26 Billion
• Positive Sentiment: Management raised full-year 2026 adjusted EBITDA guidance to $1.135 billion-$1.185 billion from $1.010 billion-$1.060 billion and adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48. Third-quarter adjusted EPS guidance of $1.31-$1.37 also exceeded the $1.12 analyst consensus, while free-cash-flow expectations improved. ATI Targets Higher 2026 EBITDA and Free Cash Flow
• Neutral Sentiment: The stock reached a new 52-week high and trades at a relatively demanding valuation, with a reported P/E ratio above 70. The strong results may justify the premium, but the valuation raises expectations for continued earnings growth. ATI Hits a 52-Week High
• Negative Sentiment: Recent insider activity shows 26 reported open-market sales and no purchases during the past six months, including sales by senior executives. This may be a cautionary signal, although insider sales can also reflect compensation or portfolio diversification.

ATI Trading Up 8.5%

Shares of ATI stock opened at $222.57 on Friday. The business has a 50-day moving average of $191.35 and a 200 day moving average of $164.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. ATI Inc. has a 1-year low of $70.42 and a 1-year high of $236.98. The stock has a market capitalization of $30.37 billion, a PE ratio of 73.70, a P/E/G ratio of 1.63 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, topping analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business’s quarterly revenue 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, sell-side analysts anticipate that ATI Inc. will post 4.49 earnings per share for the current year.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction 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 directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 192,199 shares of company stock valued at $34,601,100 in the last quarter. 0.98% of the stock is currently owned by company insiders.

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.