Sigma Planning Corp Lowers Position in ATI Inc. $ATI

Sigma Planning Corp trimmed its holdings in shares of ATI Inc. (NYSE:ATI) by 53.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,934 shares of the basic materials company’s stock after selling 5,583 shares during the quarter. Sigma Planning Corp’s holdings in ATI were worth $972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after buying an additional 4,542 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after acquiring an additional 209,480 shares during the period. Cetera Investment Advisers acquired a new position in shares of ATI in the 2nd quarter worth approximately $324,000. M&T Bank Corp acquired a new position in shares of ATI in the 2nd quarter worth approximately $317,000. Finally, First Trust Advisors LP boosted its position in shares of ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after purchasing an additional 9,234 shares during the period.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $231.19, for a total value of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at $23,285,225.61. This trade represents a 19.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 117,295 shares of company stock worth $23,277,362. 0.98% of the stock is owned by corporate insiders.

ATI Stock Performance

Shares of ATI stock opened at $200.85 on Wednesday. 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 Inc. has a 52 week low of $74.45 and a 52 week high of $243.57. The stock has a market capitalization of $27.35 billion, a PE ratio of 58.90, a P/E/G ratio of 1.23 and a beta of 1.01. The firm has a 50 day moving average of $201.67 and a two-hundred day moving average of $175.64.

ATI (NYSE:ATI) last posted its quarterly earnings data 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. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, research analysts predict that ATI Inc. will post 5.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Wells Fargo & Company reissued an “overweight” rating and set a $275.00 target price on shares of ATI in a research note on Monday, August 10th. KeyCorp increased their target price 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 raised their target price on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, ATI currently has a consensus rating of “Buy” and a consensus target price of $232.00.

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.