Globeflex Capital L P Acquires Shares of 67,186 ATI Inc. $ATI

Globeflex Capital L P acquired a new position in shares of ATI Inc. (NYSE:ATI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,186 shares of the basic materials company’s stock, valued at approximately $13,242,000. ATI comprises 1.7% of Globeflex Capital L P’s investment portfolio, making the stock its 5th biggest holding.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after buying an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after buying an additional 209,480 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of ATI in the second quarter worth $324,000. M&T Bank Corp acquired a new stake in ATI in the second quarter valued at $317,000. Finally, First Trust Advisors LP raised its holdings in ATI by 4.9% in the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after acquiring an additional 9,234 shares in the last quarter.

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 24,845 shares of ATI 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 sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 177,044 shares of company stock valued at $33,976,616 in the last quarter. 0.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Susquehanna upped 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. BTIG Research increased their price target on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. KeyCorp lifted their price target on ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, TD Cowen boosted their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $232.00.

ATI Stock Performance

Shares of ATI stock opened at $206.84 on Monday. The company has a market cap of $28.17 billion, a P/E ratio of 60.66, a PEG ratio of 1.25 and a beta of 0.98. The business has a 50 day moving average of $200.19 and a two-hundred day moving average of $171.84. ATI Inc. has a 52 week low of $71.94 and a 52 week high of $243.57. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.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 prior 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, analysts anticipate that ATI Inc. will post 5.15 EPS for the current year.

ATI 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.