Assenagon Asset Management S.A. Boosts Stake in ATI Inc. $ATI

Assenagon Asset Management S.A. grew its position in shares of ATI Inc. (NYSE:ATI) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 657,117 shares of the basic materials company’s stock after buying an additional 73,087 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ATI were worth $129,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp grew its holdings in shares of ATI by 7.4% in the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after acquiring an additional 415,479 shares in the last quarter. Capital Research Global Investors lifted its holdings in ATI by 12.0% during 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 during the period. Invesco Ltd. boosted its position in ATI by 7.4% in the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after purchasing an additional 233,010 shares during the last quarter. Norges Bank purchased a new position in ATI in the fourth quarter worth $198,787,000. Finally, Bank of America Corp DE grew its stake in ATI by 70.8% in the 1st 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 during the period.

Analysts Set New Price Targets

ATI has been the subject of several research analyst reports. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. KeyCorp lifted their price objective on shares of ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Finally, Susquehanna boosted their target price on shares of ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, ATI has a consensus rating of “Buy” and an average price target of $187.62.

ATI Stock Up 8.5%

Shares of NYSE ATI opened at $222.57 on Friday. ATI Inc. has a one year low of $70.42 and a one year high of $236.98. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The business’s fifty day moving average price is $191.35 and its 200-day moving average price is $164.02. 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 posted 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. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. 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, equities research analysts anticipate that ATI Inc. will post 4.49 EPS for the current year.

Key ATI News

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.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 31,757 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $190.99, for a total transaction of $6,065,269.43. Following the completion of the transaction, the chief executive officer owned 125,564 shares in the company, valued at $23,981,468.36. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 192,199 shares of company stock worth $34,601,100 over the last quarter. 0.98% of the stock is owned by corporate insiders.

ATI Company 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.