Canada Pension Plan Investment Board Makes New Investment in ATI Inc. $ATI

Canada Pension Plan Investment Board purchased a new stake in shares of ATI Inc. (NYSE:ATI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 321,526 shares of the basic materials company’s stock, valued at approximately $63,373,000.

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

ATI Stock Up 0.8%

NYSE ATI opened at $214.63 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The company has a market capitalization of $29.23 billion, a P/E ratio of 62.94, a P/E/G ratio of 1.28 and a beta of 0.98. ATI Inc. has a one year low of $74.45 and a one year high of $243.57. The stock has a 50 day moving average price of $201.46 and a 200-day moving average price of $174.20.

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 the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. ATI’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. 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, equities analysts predict that ATI Inc. will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of research reports. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. lifted their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. BTIG Research boosted their price target on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $262.00 price objective on shares of ATI in a report on Monday, August 10th. Finally, Susquehanna raised their price objective on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, ATI currently has an average rating of “Buy” and an average target price of $232.00.

Insider Buying and Selling

In other ATI 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 completion of the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 177,044 shares of company stock worth $33,976,616 in the last three months. 0.98% of the stock is owned by company insiders.

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.