Meiji Yasuda Asset Management Co Ltd. Acquires New Stake in ATI Inc. $ATI

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of ATI Inc. (NYSE:ATI) in the second quarter, Holdings Channel reports. The firm acquired 3,159 shares of the basic materials company’s stock, valued at approximately $623,000.

Several other hedge funds have also added to or reduced their stakes in ATI. Signature Equity Partners LLC grew its stake in shares of ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 123 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of ATI in the 2nd quarter worth about $30,000. Torren Management LLC purchased a new position in shares of ATI in the 4th quarter worth about $52,000. Summit Securities Group LLC bought a new position in ATI in the 1st quarter worth about $60,000. Finally, Hollencrest Capital Management boosted its stake in ATI by 283.1% in the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 334 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ATI shares. Wells Fargo & Company restated an “overweight” rating and set a $275.00 price objective on shares of ATI in a research note on Monday, August 10th. TD Cowen upped their target price on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. KeyCorp increased their price target on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Susquehanna increased their price target on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a report on Friday, August 7th. Finally, Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, ATI has a consensus rating of “Buy” and a consensus target price of $232.00.

Insider Transactions at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the sale, the chief executive officer 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 legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 177,044 shares of company stock worth $33,976,616. 0.98% of the stock is currently owned by corporate insiders.

ATI Trading Up 2.6%

Shares of NYSE:ATI opened at $215.30 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. ATI Inc. has a 1 year low of $73.10 and a 1 year high of $243.57. The company has a market cap of $29.32 billion, a P/E ratio of 63.14, a PEG ratio of 1.27 and a beta of 0.98. The stock’s fifty day moving average price is $200.87 and its 200-day moving average price is $173.04.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $0.74 EPS. ATI’s revenue for the quarter 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. Sell-side analysts expect that ATI Inc. will post 5.15 earnings per share for the current year.

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.